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Egypt approves 25 urban projects with EGP 100bn investments

Egypt approves 25 urban projects with EGP 100bn investments
These projects will be built over a combined area of 2,535 feddans

Cairo – Mubasher: Egypt approved the master plan design for 25 urban projects in 11 new cities during the first quarter of 2020, the housing minister Assem El-Gazzar said.

The New Urban Communities Authority (NUCA) approved the designs of these projects which will be built over a combined area of 2,535 feddans, El-Gazzar added in a statement on Tuesday.

These projects will contribute to injecting more than EGP 100 billion into the local market and creating over 100,000 direct and indirect jobs.

The total number of projects approved by NUCA to be built in new cities has reached 98 since 2018.