Tag Archives: housing in Egypt

Egypt government is building 200,000 residential units annually as part of the Social Housing Programme, with 46,000 of them located in Cairo, according to the programme’s executive body head, Salah Hassan. In an interview with state television Sunday, Hassan said the cost of the units does not exceed EGP 135,000, “even though the real cost is double this figure, but ...

A new US$500 million project will improve access to homeownership and rental units for low-income households in Egypt. The Egypt Inclusive Housing Finance Program, approved by the World Bank’s Board of Directors today, will reach 4.2 million people, including an estimated 1.6 million beneficiaries living below the poverty line and generate an estimated 1.5 million temporary construction jobs over a ...

Egypt is preparing for the biggest budget in the history of the housing sector, ranging between 14-15 billion Egyptian pounds (US$1.8-2 billion), the country’s minister of housing announced Saturday. According to Zawya, Egypt’s Minister of Housing, Moustafa Madbouly has revealed that his ministry is currently working on the first budget for the Social Housing Finance Fund, to be later submitted ...

Arabtec Holding has signed a $40 billion deal with Egypt to construct one million middle-income homes in various locations throughout Egypt. Under the agreement, Arabtec Real Estate, a recently formed subsidiary, will develop one million housing units in thirteen locations, delivered in phases over a span of five years, according to a company announcement. The value of the overall development ...