Egypt Launches 16,900 Social Housing Units Worth EGP 2.3 bn

Egypt Launches 16,900 Social Housing Units Worth EGP 2.3 bn

The government launches 16,900 social housing units worth EGP 2.3 bn in nine new cities, Invest-Gate reports.

Minister of Housing Mostafa Madbouly announces the launch during a visit he paid to the Nile Delta governorate of Damietta on Tuesday, May 23, accompanying President Abdel Fattah El Sisi. During the visit, the President has inaugurated a host of developmental projects in the city.

Madbouli says that the newly-inaugurated homes are located in the cities of 10th of Ramadan, New Beni Sueif, New Assiut, New Aswan, Obour, Badr, El-Shorouk, Borg El-Arab, and New Nubira.

In recent months, Madbouli says that the Housing Ministry has also finalized 220,000 units out of a total of 500,000 units worth EGP 30 bn. Additionally, 280,000 homes worth EGP 42 bn are also being built, according to a released statement.

Fatma Khaled 379 Posts

An aspiring journalist always seeking to deliver the best of everyday's news. I am a very enthusiastic Egyptian who is committed to journalism and what I could give as a journalist/ writer through reporting on business and political news.


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