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Egypt spends EGP 35bn on housing projects in four months

Egypt spends EGP 35bn on housing projects in four months
Minister of Housing, Assem El-Gazzar

Cairo – Mubasher: The Egyptian Ministry of Housing, Utilities, and Urban Development spent EGP 35 billion on several projects from early July until 26 October.

The Minister of Housing, Assem El-Gazzar, reviewed the progress of implementation of Maspero Triangle Development Project, according to a statement on Tuesday.

The project includes building 30-storey residential towers with the ground, first, and second floors having commercial, administrative, and entertainment units, El-Gazzar said during his meeting with the Prime Minister, Mostafa Madbouly.

El-Gazzar also reviewed the development of the Nile River strip in New Aswan City over an area of 1,050 feddans.