A total of 7,380 houses will be delivered in Mokattam, as part of the third phase of the Al Asmarat project for the development of informal settlements, at the beginning of 2017, according to Cairo Governor Atef Abdel Hamid, Amwal El Ghad reported.
The third phase was constructed by the Tahya Misr Fund in collaboration with the Armed Forces Engineering Authority. The latest phase includes several residential buildings and public services facilities to accommodate residents who used to live in informal settlements.
The Cairo Governorate plans to execute more projects in the El Khayala area, where 3,200 homes will be built, as well as Al Mahrousa 1, which will include 4,476 units, and El-Salam City which will include 4,776 homes, Abdel Hamid added.
The governorate also has several development and construction plans this year, including the development of residential units in cooperating with the Slum Development Fund and the Ministry of Housing, Utilities, and Urban Communities.
President Abdel Fattah Al Sisi previously announced that the Al Asmarat project will cost approximately EGP 14 bn, aiming to remove citizens from slum areas into residential units that are funded by donations from the Tahya Misr Fund.
The project is divided into three phases, whereby the first phase saw the completion of 6,156 residential units and the second phase witnessed the construction of 4,600 units at a cost of EGP 1.2 bn, Daily News Egypt previously reported.