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Egypt raises EGP 9bn to develop slums in 2019

Egypt raises EGP 9bn to develop slums in 2019

By: Abdallah Bedeir

Cairo – Mubasher: Egypt will spend nearly EGP 9 billion to develop the unsafe slums this year, head of the Informal Settlements Development Fund (ISDF) said on Tuesday.

Egypt will be empty of shanty towns in 2019, Khalid Sedek told Mubasher in a phone call.

Only some slums will remain, including Ahaleina project in Maspero Triangle, Madinet Al Ommal project in Minya, and El Bashayer 5 project in Alexandria, Sedek added.

The head of the ISDF noted that around EGP 14 billion has been spent since 2016 within the framework of the EGP 23 billion slums development project.

 

Translated by: Mai Ezz El-Din