The project comprises completing 79 buildings at various heights, including 1,924 residential units and 18 commercial units, El-Gazzar notes.
Egypt works on intensifying its reform agenda and maintaining sustainable growth.
The projects include drinking water stations and networks, as well as pressure pipelines and wastewater treatment plants.
Madbouly notes that Egypt is lagging behind several countries in sales of property units, despite the big supply of high-quality properties, adding that they cannot be promoted as a source of free currency in the country.
Urbanization is based on two pillars, infrastructure and foundations of civil urbanization, El-Gazzar adds on the sidelines of the Economic Conference – Egypt 2022.
Ahmed Omran, Head of the 10th of Ramadan Development Authority, inspects works at the low-income housing axis project in the 33rd district, accompanied by some of the authority’s officials.
Talaat Mostafa, CEO and Managing Director of Talaat Moustafa Group Holding notes that the state has enabled the private sector to engage in a successful experience with fully-serviced urban communities that satisfy Egyptian citizens.
Tarek Shoukry, Head of the Real Estate Development Chamber, comments that the pavilion will span over 500 sqm, adding that 10 developers will be the chamber’s partners at the event and showcase different projects.
Shoukry adds in an interview with the Emirates News Agency (WAM) that any failure in handling climate challenges will lead the world to a point of no return.
El-Sisi notes that Egypt’s strategy is based on conducting reformations in conjunction with building new projects.
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