Displaced Maspero residents receive LE600M compensation

CAIRO – 2 June 2017: Fourteen families have been moved from Maspero to another Cairo neighborhood in order to begin development projects in the 'Maspero Triangle' area.

The families have been moved into furnished units in the Asmarat neighborhood in south-eastern Cairo free of charge, Associate Housing Minister Ahmed Adel Darwish announced.

In all, 3,000 families will receive financial compensation totaling LE 600 million for being displaced.

Residents were offered the choice between financial compensation, relocation to Asmarat or to remain in their homes until development finished. Ten percent chose to more to Asmarat and another 10 percent to remain in their place until development works are finished. Eighty percent chose to receive financial compensation.

Tenants of non-residential areas had four options. The first option was to receive 30 percent of the value of the land. The second is to move to another area in addition to getting a residential unit for rent in Badr city. The third option offered a new unit when the project is over. The fourth option is ownership of a residential unit in Asmarat.

The project is a part of an initiative launched in 2014 to develop slum areas all over Egypt.