LE 1.2B investments pumped in New Aswan since 2014: minister

CAIRO - 15 August 2019: The volume of investments injected into New Aswan city amounted to LE 1.2 billion during the period from 2014 till now, compared to EGP 750 million before that year, Housing Minister Assem el Gazzar said in a statement Wednesday.

Gazzar added that 3,120 residential units have been finalized as part of the social housing project in New Aswan city and work is underway for implementing 3,600 other units.

As many as 1,160 and 840 residential units are expected to be completed in December 2019 and June 2020 respectively, Gazzar noted.

The minister pointed out that 1,208 plots of land have been offered for sale in the new city.