Egypt : Sisi orders establishing 500 housing units for ‘Residence for all Egyptians’ project

  • 03 November 2020 / News / 79 / Khaled Zaki


Egypt : Sisi orders establishing 500 housing units for ‘Residence for all Egyptians’ project

CAIRO – 2 November 2020: Egyptian President Abdel Fattah El Sisi on Monday ordered establishing 500 housing units inside large cities and capitals of governorates, as part of the project national project dubbed “Residence for all Egyptians.”

 

This came in a meeting with Prime Minister Mostafa Madbouli, Minister of Local Development Mahmoud Shaarawi and Minister of Housing Assem El Gazzar.

 

President’s advisor for urban planning Amir Ahmed and Head of the Armed Forces’ Engineering Authority Ehab El Faar also attended the meeting.

 

Sisi, during the meeting, followed up on the urban development plan in governorates, Presidential spokesman Bassam Radi said.

Sisi, since he has assumed office in June 2014, has been keen to "make a new Egypt” and has filled the capital and other governorates and new cities with seemingly endless construction work.

 

And despite the coronavirus crisis and the partial shutdown the country, like many other countries, has witnessed, Sisi has been inspecting the construction sites in different parts of the country, to make sure workers are doing their best, while taking preventive measures seriously.

 

So far, 414,000 housing units have been established for youth with low income with a total cost of LE 51 billion ($3.15 billion), Minister of Housing Assem Al-Gazzar said.

 

Also, in middle-income housing project “Dar Misr”, 41,424 units have been established at LE 13 billion ($803.4 million) and 15,480 are being established at a cost of LE 4.6 billion ($284.3 million). In “Sakan Misr” project also for middle-income housing, 2,232 units have been established and 67,696 are being built, at a total cost of LE 20.97 billion ($1.3 billion).

 

Concerning luxury-housing project “JANNA,” 4,032 housing projects has been established and 36,248 others are being constructed, at a cost of LE 1.6 billion ($98.9 million) and LE 14.5 billion ($896 million) respectively.

 

Also, 328,000 plots of land have been provided for different classes of society between 2014 and 2020, Gazzar said.

 

The Housing Ministry has been keen to build partnerships with the private sector; the state has contracted with private companies on 17 projects established over 19,250 feddans (19,978 acres), with a LE 500 billion ($30.9 billion) in the cities of New Cairo, 6th of October, Sheikh Zayed, Extension of Sheikh Zayed and Hadayek October.


source: egypttoday

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