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Egypt spends EGP 23.5bn to develop unsafe slums

Egypt spends EGP 23.5bn to develop unsafe slums
The ISDF has developed over 180,000 units

By: Abdullah Bedeir

Cairo – Mubasher: The total amount spent on unsafe informal settlements from 2016 until January 2020 reached EGP 23.5 billion, executive director of Egypt’s Informal Settlements Development Fund (ISDF) Khaled Siddiq told Mubasher on Thursday. 

The total amount spent from June 2019 until January hit EGP 6.5 billion, Siddiq added.

The ISDF is planning to inject EGP 31 billion into the development of unsafe slums during 2020, he said.

The top official noted that the plan to develop unsafe slums is set to be completed by the end of the year.

Moreover, the ISDF has developed more than 180,000 units in the project, Siddiq revealed.