ICEC

Egypt allocates 125 feddans in Port Said for social housing

Egypt’s Prime Minister Moustafa Madbouly issued a decree on Thursday approving the allocation of around 125 state-owned feddans in Port Said for social housing projects.

The lands will be given to the country’s Social Housing Fund (SHF) to carry out a new social housing project in the Suez Canal city over 525,000 square metres.

In November 2014, SHF was established under the Housing Ministry. The fund is responsible for imposing the general policies governing the construction and management of the units, besides financing of social housing project from the country’s budget allocations and sales revenues.

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