Egypt to hand over development flagships in Q1-2019: Housing Minister

Egypt seeks to deliver a number of development projects within the first quarter of 2019, with investments of around 268 billion Egyptian pounds ($15.2 million), Housing Minister Moustafa Madbouly said Monday.

These flagships will include 355,000 residential units as part of the county’s social housing project, at costs of 71 billion pounds in addition to 155 drinking water stations, at costs of 26 billion pounds, Madbouly said.

The works are also to encompass 185 sewage stations, at costs worth 46 billion pounds, 84,000 housing units to develop slums, at costs worth 14 million pounds, and utilities works in the new cities, at costs worth 19 billion pounds, the minister added.

In addition, the development flagships are set to comprise 750-km road and bridges, at costs of 7.5 billion pounds and 89,000 residential units under the county’s state middle-income residential flagship Dar Misr as well establishing a bunch of new cities, Madbouly referred.

“These cities are: the new administrative capital, New El Alamein, western Qena, eastern Port Said, New Mansoura, and Hadayek October as well as Sheikh Zayed, Toshka, Western Beni Suef, Western Mallawi, and 6th October Oasis, at costs of 35 billion pounds,” he said.