The social housing project Mahrousa 1 located in Al-Jabal Al-Asfar in Daqahliyah governorate. December 15, 2018. TV screenshot
CAIRO - 12 March 2019: The last fiscal year witnessed the implementation of as many as 326,263 housing units with a total investment of over LE 106.8 billion, according to Egypt's official statistic agency CAPMAS.
The government and the private sector have both contributed to establishing the housing units mentioned, as the private sector could alone provide 221,187 units with total investment of over LE 77.3 billion, according to the CAPMAS report.
The rest of the housing units (105,076 units) have been established by the government with total investments of about LE 29.5 billion.
According to CAPMAS, the housing units implemented vary from low cost housing units to luxurious ones.
The Cabinet handed the Parliament a 140-page semi-annual report on the performance of Moustafa Madbouli's government during the first six months of its mandate.
As per development projects, the report read that about 1,133 projects with investment cost of LE 311 billion were completed in 20 sectors, including 311 projects in education and health sectors with investment of LE 2.3 billion, and 310 projects in local development with cost of LE 690 million. Also, about LE 22.8 billion were invested in 160 housing projects.
Asem al-Gazzar, the former housing minister's deputy, was sworn in on February 13 before President Abdel Fatah al-Sisi as the new housing minister, succeeding Mostafa Madbouli, who has served in the post for five years in three consecutive cabinets.
The president has met with Madbouli and Gazzar, according to presidential spokesman Bassam Radi, where Sisi directed Gazzar to exert utmost efforts to finish the ongoing projects, including developing unsafe areas, on time.
Sisi also urged the continuous development of infrastructure projects and the provision of periodical maintenance for these projects, including sanitation projects, Radi added.