UAE grants Egypt 50,000 housing units for social housing

Egyptian Prime Minister Ibrahim Mehleb oversaw the signing of a protocol that grants the Egyptian government more than 50,000 housing units for social housing, within the United Arab Emirates (UAE) developmental projects in Egypt.

The protocol was signed by UAE Minister of State Sultan Ahmed Al-Jaber, the Chairman of the Coordination Office of UAE-funded Development Projects in Egypt, and Egyptian Minister of Housing Mostafa Madbouly.

The 50,000 housing units project, to be built in 36 areas in 17 governorates, is within a group of developmental projects by the UAE in Egypt, which aim for the immediate improvement of services offered to citizens in the different governorates, especially the rural and remote areas.

The housing projects aim is to ease challenges for the sector in Egypt through establishing units for more than 350,000 low income citizens. The housing units are set to provide living services, including mosques, shops, childcare centres, and entertainment facilities. It also contributes to traffic and all its related costs in Greater Cairo, amounting to approximately $50m annually. The project pumped EGP 1.5bn in the Egyptian economy and contributed to creating more than 220,000 job opportunities in the construction sector, as well as 10,000 permanent job opportunities.

During the signing of the protocol, Mehleb expressed the Egyptian people’s appreciation for the UAE, its leaders and its people.

Mehleb stated that the Egyptian people will always remember UAE’s support, whether through developmental projects that decrease the challenges of many sectors and achieve economic and social revenues that greatly contributed to the state’s efforts in improving services in the main sectors, or UAE’s efforts to support the economy and politics of Egypt. This contributed to Egypt’s recovery and regained the trust of international institutions and organisations in the economy’s power. UAE also exerted efforts to support the mission of the Economic Summit, Mehleb said.

The prime minister added that the speed by which the social housing units project was established and delivered was a “miracle”. This would not have happened if it were not for the cooperation persistence and hard work of UAE through its office in Egypt, he said.

The Egyptian government received a number of developmental projects that the UAE started establishing in Egypt, including a solar energy station in the Siwa oasis, near the Libyan border.

Source – DailynewsEgypt