Prime Minister Mostafa Madbouli attended Wednesday the signing ceremony of two contracts between the Ministry of Housing's City Edge and Hilton Group.
The Ministry of Housing, Utilities, and Urban Communities made the announcement Wednesday.
The objective of the project has been to provide appropriate housing for citizens in a way that remaps the whole area, Madbouli added as he inspected the Maspero Triangle area to follow up on the status of the project on the ground.
A total of nine towers are under construction in the Maspero Triangle project in Cairo, as part of the developmental plan of slum areas in the country.
The construction of two new towers in the Maspero Triangle are in Cairo has begun, as part of the developmental plan of slum areas in the country.
Three new towers to established in Maspero Triangle on the Nile Corniche in Cairo, and will be called “Maspero Nile Towers.”
Madbouli ordered to swiftly complete housing works of units allocated for families who will return to live in the area located in Cairo.
The duration set to accomplish the project is 18 months and is due to finish in June 2021.
Cairo governor Atef Abdel Hamid visited Monday the Maspero triangle to monitor the ongoing demolition of the triangle’s slums.
Deputy Governor of Cairo Mohamed Ayman said that all the residents of the Maspero triangle have been compensated for the demolished property
Twenty percent of residents in Maspero Triangle, the largest slum in Cairo, agreed to be relocated while development works are undertaken in the area.
Eighty percent of residents will receive financial compensation to move, while others will get new units.