Egypt to spend $37.6 mln on slum development projects in Red Sea

Egypt’s government is allocating 330 million Egyptian pounds ($37.6 million) for the development of slums in Red Sea cities, Minister of Housing Moustafa Madbouly announced Wednesday.

The development scheme will include Ras Gharib, Hurghada, Safaga, and Al-Qusayr cities, the minister said.

It is set to build around 250 homes and 30 buildings in Rawada district in Hurghada, as well as 174 homes and three buildings in Safaga, alongside 36 homes and two buildings in Al-Qusayr, he added.

The Ministry is expected to deliver the new homes to the slum residents in Rawda next January, Madbouly asserted.