The state-run New Urban Communities Authority (NUCA) has directed part of its profit surplus in the past one and a half years to developing shantytowns, Invest-Gate reports.
NUCA has achieved a profit surplus of over EGP 13 bn during the past one and a half years,  EGP 500 mn of which has been directed to the upgrade of shantytowns and informal areas.

Minister of Housing Moustafa Madbouly makes the statement during his participation in the housing committee meeting of the House of Representatives.