1.2m housing units executed with $12bn in 5 years: Egypt’s CAPMAS

The total number of housing unites executed by public and private sectors reached 1.2 million during the last five years with investments worth 109.6 billion Egyptian pounds (US$12.3 billion).

State’s statistics body Central Agency for Public Mobilization and Statistics (CAPMAS) announced Monday -in a press release- that private sector seized 58.3 percent of total executed units while the public sector got 41.7 percent.

In fiscal year 2014-15, public sector executed 221,500 housing units while private sector implemented 131,100 units, the report clarified.

CAPMAS stated that Port Said governorate seized the lion’s share of executed housing units with 33,500 units (25.6 percent of the total number), followed by Giza governorate with 12,600 housing units (9.6 percent).

The number of implemented housing units in Sohag governorate recorded 11,000, getting 8.4 percent of the total number.