ArabFinance: Egypt is constructing a housing project in El Salam City, east of Cairo, at a cost of EGP 1.7 billion, according to a Cabinet statement on January 9th.

The 230-feddan project, designated to accommodate slum residents, boasts 134 buildings including 4,800 housing units, 475 administrative units, and 292 business units.

Up to 55% of the project has been completed thus far, the statement added.

The government earlier allocated EGP 10 billion to develop residential public units across provincial capitals nationwide.

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