Cairo will launch an initiative to develop slums in Al Ma’asra area in cooperation with the National Bank of Egypt, Helwan University, and the Development of Slums Fund, Invest-Gate reports.

“The development and renovation of the area will be finalized by the end of this year as part of the country’s plan to demolish unsafe slums nationwide,” says Cairo Governor Atef Abdel Hamid in the governorate’s released statement.