Egypt Builds EGP 23.46 bn Housing Units in 2020

Egypt Builds EGP 23.46 bn Housing Units in 2020

About 103,000 housing units have been implemented across various new cities in 2020, at a total cost of EGP 23.46 bn, as part of the Egyptian government’s urban development plans, Invest-Gate reports.

The breakdown is as follows: 50,000 homes as part of the “Residence for All Egyptians” initiative, in addition to 33,300 and 5,300 middle-income and distinguished housing properties, respectively, Minister of Housing, Utilities, and Urban Communities Assem El Gazzar confirmed in an official statement on December 28.

That is besides 13,300 alternative housing for slum dwellers and 416 Bedouin settlements, paired with 383 residences as part of the Nubian housing rehabilitation projects, El Gazzar continued as he exhibited the Ministry of Housing’s 2020 achievements.

Additionally, he showed the ministry’s efforts in regard to infrastructure development, indicating that 43 potable water projects have been carried out last year, with investments worth EGP 5.4 bn, accommodating a capacity of 447,000 cubic meters per day, the statement noted.

A special focus was put on rural sanitation as 148 wastewater treatment projects have been built in 2020, with investments valued at EGP 5.1 bn. As for urban cities, at least 42 sewerage plants were set up during the same period, at combined costs of EGP 6.6. bn, providing a capacity of 515.5 cubic meters per day.

Further, 24 road projects, extending over 243.4 kilometers in length, have been complete, a total cost of EGP 3.1 bn, with more in the pipeline in the near future, El Gazzar highlighted.

The minister also underlined that numerous development projects have been executed across several governorates. In FY 2020/21, Sinai saw the implementation of multiple development projects with costs estimated at EGP 19.23 bn.

Three seawater desalination plants have been established in Arish, at a combined capacity of 20,000 cubic meters per day, and a total cost of EGP 349 mn, he concluded.

If you want to know more updates on the New Administrative Capital (NAC), New Alamein, and New Mansoura, watch the following videos:


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