The details of the new social housing program approved by the Cabinet have been released by Minister of Housing, Utilities, and Urban Communities Mostafa Madbouly.
The Ministry of Housing announced that it will not be able to deliver the first phase of the middle-income social housing project in New Cairo within the scheduled time frame, which was set for June 2016.
The Sharqia governorate contracted the Arab Contractors Company for the construction fo 1,200 units for the social housing project for EGP 185 million.
President Abdel Fattah Al Sisi decreed the increase of residential housing units in the first and second phase of the social housing program to 600,000 units to meet the citizens' demand.
A number of resolutions for social housing projects have been made by the Social Housing Fund, to serve low-income citizens according to certain criteria