Minister of Housing reviews projects at New Admin Capital opening

CAIRO – 11 October 2017: The government is working to trim the housing gap in Egypt, Minister of Housing Mostafa Madbouly said during the opening ceremony of the New Administrative Capital Wednesday.

Attended by President Abdel Fatah al-Sisi and Prime Minister Sherif Ismail, Madbouly said that contractors and developers of the new capital have used advanced building tools.

Reviewing progress made by the ministry to address housing issues, Madbouly said that the ministry has built new cities, accommodating 7 million citizens over the past period.

“We have 500,000 new residential units already built under the social housing project for low-income citizens,” Madbouly said; adding that the ministry has launched more than 100,000 units under the same project for reservation a few weeks ago.

Madbouly stressed that they launched projects that targeted other segments of the society, such as Dar Misr project, which targets medium income citizens. “We are targeting 150,000 residential units under that project,” he said.