Housing Ministry’s investments in New Aswan reach EGP 1.2bn over 6 years


Ministry of Housing’s investments to develop New Aswan city since 2014 has amounted to approximately EGP 1.2bn, plus EGP 750m investments in the city before 2014, according to the Minister of Housing Assem El Gazzar.

The ministry has built 3,120 social housing units in the city, besides other 3,600 units under construction, El Gazzar said in a Wednesday press statement.

The minister pointed out that it is expected to complete the implementation of 58 buildings comprising 1,160 housing units by December, in addition to other 42 buildings including 840 units by June 2020.

Additionally, the housing ministry is implementing 66 villas in the first phase of the city’s tourist strip project on an area of 180 feddan, El Gazzar elaborated, noting that  the implementation rate of the project is about 35%, and an additional 463 villas are being constructed within the urgent phase in the city.

Source: dailynewsegypt