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Egypt builds 250k housing units for residents of unsafe areas with EGP 65bn

Egypt builds 250k housing units for residents of unsafe areas with EGP 65bn
Minister of Housing Assem El-Gazzar

By: Abdullah Bedeir

Cairo – Mubasher: Egypt has provided 200,000 residential units for residents of unsafe areas and is building another 50,000 units scheduled for completion by the end of 2021, Minister of Housing Assem El-Gazzar said.

The total cost of the 250,000 residential units is estimated at EGP 65 billion, El-Gazzar added during the Real Gate exhibition.

The ministry is currently working on developing several areas, including the Maspero Triangle, Ain El-Sira, Tahrir Square, and Ahl Masr Walkway in Cairo as well as New Aswan, he noted.

In July 2020, the minister revealed that the number of unsafe areas in the country reached 357 with 221,600 units, of which the ministry developed 192 areas.