|15 August, 2019

Egypt Housing Ministry’s investments in New Aswan reach $72.29mln over 6 years

The ministry has built 3,120 social housing units in the city, besides other 3,600 units under construction

Ministry of Housing’s investments to develop New Aswan city since 2014 has amounted to approximately EGP 1.2bn, plus EGP 750m investments in the city before 2014, according to the Minister of Housing Assem El Gazzar.

The ministry has built 3,120 social housing units in the city, besides other 3,600 units under construction, El Gazzar said in a Wednesday press statement.

The minister pointed out that it is expected to complete the implementation of 58 buildings comprising 1,160 housing units by December, in addition to other 42 buildings including 840 units by June 2020.

Additionally, the housing ministry is implementing 66 villas in the first phase of the city’s tourist strip project on an area of 180 feddan, El Gazzar elaborated, noting that  the implementation rate of the project is about 35%, and an additional 463 villas are being constructed within the urgent phase in the city.

© 2019 Daily News Egypt. Provided by SyndiGate Media Inc. (Syndigate.info).

Disclaimer: The content of this article is syndicated or provided to this website from an external third party provider. We are not responsible for, and do not control, such external websites, entities, applications or media publishers. The body of the text is provided on an “as is” and “as available” basis and has not been edited in any way. Neither we nor our affiliates guarantee the accuracy of or endorse the views or opinions expressed in this article. Read our full disclaimer policy here.