Mai Abdel Hamid. CEO of Social Housing and Mortgage Support Fund launched the “Green Low-Cost Housing” design competition alongside Mohamed Masoud, Head of the National Center for Housing Research, Invest-Gate reports.

The competition aims to provide innovative housing models that contribute to environmental preservation. It is conducted in partnership between the fund and research center, with participation from research bodies, the World Bank, IFC, and the African Union for Housing Finance.

Abdel Hamid thanked Housing Minister Assem El-Gazzar for sponsoring the competition. To date, the fund has built 649,000 units through initiatives like “Housing for All Egyptians,” benefiting 535,000 families with EGP8.7 bn in aid.

Following Egypt’s hosting of COP27, expanding the green economy has become a priority. The fund’s “Green Architecture Initiative” seeks to build 25,000 sustainable units by 2024, reducing energy, water, and waste usage.

The competition is open to universities, institutions, and consulting offices to submit proposals enhancing climate change adaptation and emissions cuts. Winning designs will be used to complete the initiative.

Submission guidelines and exhibition details were provided. The aim is to foster innovation supporting Egypt’s sustainable development goals.