Egypt builds 1mln residential units with $12.5bln

The government established 610,000 social housing units

  
Image used for illustrative purpose. Labourers work at a construction site of residential buildings in El Katameya district of New Cairo March 30, 2013.

Image used for illustrative purpose. Labourers work at a construction site of residential buildings in El Katameya district of New Cairo March 30, 2013.

REUTERS/Amr Dalsh

Cairo – Mubasher: Egypt has built about 1 million residential units at a combined value of EGP 200 billion, the country’s housing minister Assem El-Gazzar said on Sunday.

The government established 610,000 social housing units and 140,000 moderate-income housing at cost of EGP 90 billion and EGP 54 billion, respectively, El-Gazzar added during the inauguration of several national projects.

A total of 250,000 alternative housing units have also been built, he noted.

El-Gazzar further revealed that 13 governorates, including Port Said, have became free from unsafe and unplanned areas.

Source: Mubasher

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