The Social Housing and Mortgage Finance Fund (SHMFF) has signed a cooperation protocol with the Ministry of Communications and Information Technology to automate its services, in a move aimed at developing a digital real estate financing system.

Assem Al-Gazzar, Minister of Housing, Utilities and Urban Communities, has stated that there is a tremendous demand on reserving the 125,000 fully finished housing units, Invest-gate reports.

The Board of Directors of the Social Housing and Mortgage Finance Fund (SHMFF) has approved the offering of 125,000 residential units (100,000 social housing and 25,000 middle-income housing units), as part of phase I of President Abdel-Fattah El-Sisi's initiative to provide homes for all citizens.

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).

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has mandated the provision of 768 social housing units in Minya and Fayoum as temporary isolation housing or wards for Coronavirus patients.

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said a total of EGP 243 bn is required to implement Egypt's Social Housing Program, which involves the establishment of 1 mn units.

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar announced a two-month extension period for applicants who applied for the residential units previously provided in a number of new cities to complete or update the required data

Prime Minister Mostafa Madbouly has mandated the free allocation of four public lands in the Red Sea resort of Hurghada to the Social Housing and Mortgage Finance Fund (SHMFF).

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

Minister of Housing, Utilities, and Urban Communities Assem El Gazzar said the volume of investments pumped into west Assiut's Nasser City has reached EGP 7 bn during the last 18 months only,