Egypt’s Tahya Masr (Long Live Egypt) Fund will deliver the first and second phases of the Tahya Masr social housing project next May, Mohamed Ashmawy, the Fund’s Executive Director told Amwal Al Ghad.
Located in Mokattam, southeastern Cairo, and tailored to replace highly dangerous slums, the first two phases of the project would deliver 10,000 units, while the third phase includes 6,000 housing units with investments worth EGP 750 million.
Tahya Masr Fund is contributing EGP 500 million to the first phase, while Cairo Governorate is granting EGP 350 million.
Tahya Masr is a donation-based fund that was launched by the president in June 2014. Several businessmen and banks have made notable donations.