Minister of Housing, Utilities, and Urban Communities Assem El Gazzar held a meeting on July 17 to follow up on progress made with regards to Maspero Triangle Development Project, whereas 97% of rubble were extracted off-site, Invest-Gate reports.
The meeting was held in the presence of Executive Director of Slum Development Fund Khaled Siddiq, alongside several ministerial officials and some representatives of the fund, according to an official statement on July 17.
“Three residential towers are currently underway in Maspero Triangle, specially tailored to cater to the area’s original residents, including two 16-story towers and another ten-story building,” Siddiq revealed in the statement.
Located at the western edge of Cairo, and bordered by the Nile River’s west bank, Maspero Triangle spreads across nearly 75.19 acres, encompassing multiple buildings and landmarks, the most important of which is the Egyptian Radio and Television Union HQ, Ministry of Foreign Affairs, Ramses Hilton Hotel, amongst others.
Maspero Triangle Development Project comes as part of the state’s keenness to develop the country’s slums and improve the livelihood of the underprivileged and marginalized groups by 2018, which was introduced back in 2014 after it has been estimated that 40% of Cairenes live in informal settlements.
On May 17, Siddiq announced that 188 unsafe slums were developed so far, with 105,328 housing units completed, alongside 90 informal areas, comprising 90,466 apartments that are still under construction.