The government signs a cooperation agreement with the Informal Settlements Development Fund (ISDF) to develop Ismailia’s Ali Eid slum area at a total cost of EGP 68.5 mn, Invest-Gate reports.

The first phase of the project worth EGP 20 mn includes the establishment of 104-residential unit buildings and 16 commercial units and will be implemented over a period of 14 months, ISDF’s executive manager Khaled Seddik says.

ISDF’s executive manager Seddik has signed the agreement with Ismailia Governor Yassin Taher.