Partnership projects with private sector worth 500 bln : Madbouli

Minister of Housing Mostafa Madbouli said that the volume of investment projects that will be implemented in partnership with the private sector issued in the second phase amounted to 500 billion Egyptian pounds.

Madbouli added during his speech at the Builders of Egypt IV Forum, that the third stage of partnership lands with the private sector will be issued during the upcoming two months.

The minister clarified  that the PPPs projects helped in reviving the real estate market in Egypt.

Madbouli clarified that the issued lands will include lands in New Alamein, New Mansoura, expansions of 6 October, Sheikh Zayed and west Delta.

In December, the Housing Ministry issued the second stage of the partnership projects between the ministry and the private sector.

The Builders of Egypt IV Forum is held on March 4, 2018, under the patronage of Prime Minister Sherif Ismail, in addition to a number of other ministers.

The Builders of Egypt IV Forum reviews the economic and financing prospects for governmental and private projects, in light of the investment environment’s development after the implementation of the economic reform program and major national projects over the last four years.