Prime Minister and Minister of Housing, Utilities, and Urban Development Mostafa Madbouly said the total investments in New Damietta reached EGP 7.2 bn, with about 984 distinguished housing units will soon be finalized and offered shortly afterwards, Invest-Gate reports.

As per the current fiscal year plan, the volume of investments in the city is estimated at EGP 1.4 bn, in addition to released units in “Sakan Misr” project, Madbouly said in a statement on October 23.

A total of  3,840 housing units, as part of “Sakan Misr” project, are being established in New Damietta, with up to 70% of the project is completed, the minister stated, noting that 925 additional units are currently offered in JANNA luxury project.

In addition, 12 squares are upgraded in the city as well as a number of road projects that will further enhance the efficiency of New Damietta’s infrastructure, Chairman of the New Damietta City Development Authority Mohamed Ragab said in the statement.

He added that the authority has also provided utilities to 359 land plots, as part of “Beit El Watan” housing project for Egyptian expats.