News / Government

Cabinet Nods USD 500 mn World Bank Housing Facility Extension

Egypt's Cabinet has ratified a USD 500 mn (EGP 8 bn) extension to a World Bank (WB) facility, as part of a program to improve access to low-income housing and bolster the state’s Social Housing and Mortgage Finance Fund (SHMFF).

Gov’t Agrees to Cede AAST Campus in New Alamein

Egypt's Ministry of Housing has agreed to cede control of the Arab Academy for Science and Technology (AAST) branch in New Alamein, including the land and building components.

Tahya Misr Fund Spends EGP 1 bn on Al Asmarat Project

Egypt’s Tahya Misr Fund has contributed EGP 1 bn to the development of the social housing project on Mokattam Hills, or "Al Asmarat," which comes to provide decent homes for more than 80,000 slum dwellers.

Gov’t Almost Finishes 1,128 Homes at Badr City’s Dar Misr Project

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has revealed that 1,128 residential units (47 buildings) within phase II of Badr City's Dar Misr middle-income housing project are 95% complete.

El-Sisi Inaugurates Al Asmarat 3 for Slum Residents

President Abdel-Fattah El-Sisi has inaugurated phase III of Mokattam's Al Asmarat housing project, which comes on the back of the state's efforts to combat informal settlements and build new homes for slum residents.

Egypt Implements 1 mn Supportive Housing with Over EGP 200 bn

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said a total of 1 mn residential units are underway, at combined costs exceeding EGP 200 bn, as part of the efforts to present decent housing for slum dwellers as well as lower- and middle-income people.

Gov’t Figures Fees for Reconciliation in Building Code Violations

Prime Minister Mostafa Madbouly said values of “seriousness” fees required for offenders seeking to settle building code violations have been determined, whereby the current backlog of 325,000 such applications can start paying their charges on July 15.

CBE Gets Go-Ahead to Extend EGP 30 bn for Extra Social Housing

The Central Bank of Egypt (CBE) has been given the green light to extend EGP 30 bn, partly borne by the finance ministry, for subsidizing the execution of 250,000 social housing units nationwide until 2023.

El Gazzar Says 2,500 Houses for Giza Slum Dwellers 37% Done

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said 2,500 houses are under construction in October Gardens, designated for Giza's informal housing residents, hitting a completion rate of 37%.

ISDF Concludes Work on Ismailia Fish Market: El Gazzar

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has announced that Egypt’s Informal Settlements Development Fund (ISDF) has concluded the modern fish market project in Ismailia province.

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