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Egypt spends EGP 22bn on informal settlements

Egypt spends EGP 22bn on informal settlements
Egypt plans to spend EGP 9 billion on informal settlements in FY19/20

By: Abdullah Bedeir

Cairo – Mubasher: Egypt has spent EGP 4 billion to develop unsafe informal settlements from June to September, the executive director of Informal Settlements Development Fund (ISDF) Khaled Siddiq told Mubasher.

Under the informal settlement development plan, an amount of EGP 22 billion has been spent since 2016 out of the total amount of EGP 31 billion Siddiq said.

During fiscal year 2019/2020, the remaining EGP 9 billion will be disbursed, he revealed.