News

Egypt’s Sisi Allocates EGP 1 Billion From ‘Tahya Masr’ Fund for Affordable Housing Project

Egypt’s Sisi Allocates EGP 1 Billion From ‘Tahya Masr’ Fund for Affordable Housing Project

416111_0

Egyptian President Abdel Fattah El Sisi has allocated EGP 1 billion from the ‘Tahya Masr’ (Long Live Egypt) fund to build 100,000 additional affordable housing units.

Sisi made the announcement while inaugurating several other housing and service projects in the 6 October satellite city, declaring that the housing projects currently underway are not sufficient to end informal settlements.

The president stressed that it is integral for the Egyptian people to understand the “magnitude of the challenges” the country faces. He also called upon officials to increase efforts to solve Egypt’s housing and service issues and clarify to the population the cost of offering services such as clean water supply and sewage.

Egypt has long been struggling with housing issues, particularly the spike in informal settlements. According to estimates, as much as 40 percent of Greater Cairo’s residents live in informal settlements, some of which are built on agricultural or state-owned desert lands.

Many of these settlements are unsafe and some have collapsed, such as the 2008 incident in Mansheyet Nasser, where as many as 50 homes collapsed due to a rockslide, killing 115 residents.

The 2014 constitution stipulates the right of every citizen to adequate housing and commits the state to solving the problem of slums and informal housing through proper planning and providing infrastructure to meet the people’s needs.

Sisi launched the ‘Tahya Masr’ fund in 2014, pledging to contribute half of his own salary and encouraging Egyptians to contribute to the fund.

Egyptian Photojournalist Shawkan Transferred to Solitary Prison Cell, Hearing Postponed
Flowers Laid for Murdered Italian Student in Egypt

Subscribe to our newsletter


News

More in News

Egypt to Receive 56,000 Tank rounds as Part of $99 Mn Arms Deal with US

Taha Mahmoud SakrSeptember 19, 2018

Egypt Planning to Establish Anti-Cancer Drug Factory

Mirna AbdulaalSeptember 18, 2018

Sandstone Sphinx Statue Discovered in Kom Ombo

Sara AhmedSeptember 16, 2018

UN Adopts Egyptian Resolution On Preventing Sexual Abuse

Mirna AbdulaalSeptember 16, 2018

Egypt Seeks to Penalize Water Misuse

Sara AhmedSeptember 16, 2018

Egypt Court Orders Arrest of Alaa, Gamal Mubarak

Egyptian StreetsSeptember 15, 2018

Prominent Egyptian Journalist Yosri Fouda Accused of Sexual Misconduct

Egyptian StreetsSeptember 15, 2018

Egypt to Detect and Treat 50 Million Citizens From Hepatitis C

Mirna AbdulaalSeptember 13, 2018
Egyptian Streets is an independent, young, and grass roots news media organization aimed at providing readers with an alternate depiction of events that occur on Egyptian and Middle Eastern streets, and to establish an engaging social platform for readers to discover and discuss the various issues that impact the region.

© 2017 Egyptian Streets. All Rights Reserved.