Sediq added that the cost of constructions in Asmarat alone is LE3.6 billion, while the value of the land on which it is built is LE2.5 billion.
Former residents of Batn el-Baqara slum area in Old Cairo have expressed gratitude after receiving their furnished apartments in Asmarat City for free.
Shedding light on Egypt's long journey to end unsafe slums crises, DMC channel produced a 29-minute documentary that reviews how housing projects such as Asmarat and Bashar El khier were a live saving step for more than 150K citizens and families.
The talents of the Long Live Egypt Culture Palace presented a performance of the epic "Tomorrow is Better Than Today" to simplify the concept of the 2030 strategy, according to a statement issued by the General Authority for Cultural Palaces on February 4.
Cairo municipal authority has a target of demolishing 47 buildings housing 56 families and has already bulldozed 31 that used to have 35 families.
The Heliopolis Association, headed by Nabil Helmy, is organizing a scouting day for the visitors of the Heliopolis Library in the Asmarat district, in which about 25 children will participate.
The festival concluded with a music concert, a revue, and a parade; and shields and medals were awarded to the winners.
President Abdel Fatah el-Sisi inspected, Friday Al-Asmarat 3 housing project in Cairo's Mokattam district, which was established to house residents of slums.
Since 2008, the government has been adopting a proactive approach toward slums, including establishing the Informal Settlements Development Fund.
Prime Minister Mostafa Madbouli chaired a meeting on Tuesday to follow up the latest developments in the field of developing Cairo's unsafe slums and a plan drawn up to occupy the governorate's recently developed areas.
Madbouli urged the officials to swiftly finalize the third phase of Asmarat project that includes the establishment of 7,304 housing units at a cost of LE 1.8 billion.
The project is a part of an initiative launched in 2014 to develop slum areas all over Egypt.
Trade Minister Tarek Qabil will inaugurate in next February a vocational training center to serve residents of al Asmarat 2 district and al Mokattam neighborhood in Cairo.
Eighteen families from Manshiyat Naser district, an area in Cairo that is characterized by high levels of poverty, were displaced to the Asmarat housing project in Cairo's suburb of Mokattam.
Ministers agree on starting the implementation of the investment and service plan in Asmarat housing project in Cairo's suburb of Mokattam.