Merely 10,666 residential units are ready to rehouse informal housing dwellers in Cairo, coming as part of the state's keenness to become a slum-free country.
Egypt's government has outlined a comprehensive plan to remove encroachments on the Nile River and completely overhaul the site as a first step toward implementing "Ahl Masr Corniche," or People of Egypt Walkway, running between Cairo and Aswan.
The New Urban Communities Authority's (NUCA) planning and projects sector has facilitated the promulgation of ministerial approvals for the implementation of about 109 urban and service investment projects across 17 new cities in 2019.
Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said 437,000 housing units have been implemented in 2019, varying between social, middle-income, and luxurious properties.
CEO of Social Housing and Mortgage Finance Fund (SHMFF) Mai Abdel Hamid said that a total of 360 units have been finalized, while work is still in progress on 32,863 units in seven governorates cross country
Egypt's newly-introduced sovereign wealth fund (aka Tharaa) received on December 18 the Cabinet approval to hold the rights to overhaul the main entrance of Salah El Din Citadel, or "Bab El Azab," under a 49-year contract.
The Central Bank of Egypt (CBE) stated on December 26 that the country's current account deficit narrowed to USD 1.382 bn (EGP 22.53 bn) in the first quarter of FY 2019/20 from USD 2.012 bn (EGP 32.79 bn) in the prior-year period.
Egypt's newly-announced and long-awaited cabinet reshuffle brings Sayed Ismail as the new deputy minister of housing for infrastructure affairs
قال الدكتور عاصم الجزار، وزير الإسكان والمرافق والمجتمعات العمرانية، إنه سيتم تسليم 33 مبنى سكني مميز في مدينة العلمين الجديدة ابتداءً من يناير المقبل
Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said 33 distinguished housing buildings will be delivered in New Alamein starting next January.
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