Prime Minister Mostafa Madbouly has mandated the free allocation of four public lands in the Red Sea resort of Hurghada to the Social Housing and Mortgage Finance Fund (SHMFF), Invest-Gate reports.

Plots will be utilized for the implementation of different investment and social housing projects, alongside the provision of the necessary service and administrative facilities, Madbouly emphasized in a Cabinet statement on January 12.

Land areas range from at least 131,896 square meters up to 615,000 square meters, the prime minister confirmed, underlining that the Red Sea governorate is responsible for bearing the costs of installing the projects’ external utilities.

In early January, SHMFF’s Executive Vice President Salah Hassan uncovered that works are underway on 214,740 social housing units in six new cities, notably New Minya, Sadat City, New October, October Gardens, New Fayoum, and Badr City.