Egypt’s ISDF allocates $21.7mn to develop 40% of slums

Egypt’s Informal Settlements Development Fund (ISDF) says it has allocated 350 billion Egyptian pounds ($21.7 billion) to develop 40 percent of unplanned areas over ten years.

The development process is part of the government’s 2030 vision to provide better life for citizens in sectors of education, health, and culture, ISDF’s executive manager Khaled Sadek said on Sunday.

The unplanned areas will be developed on a space of 152,000 feddans out of 417,000 feddans, Sadek added.

Established in 2008, ISDF has come to the forefront in spearheading efforts to eliminate so-called slums or informal settlements.

The government-led fund launched various projects to map out these areas, such as Duweiqa, plan related intervention policies, and deal with residents and relocating them to other housing projects.

By working with local authorities and the Ministry of Housing, ISDF’s mission is to achieve social justice and ensure citizens’ rights to adequate, safe housing, and develop their economic status and improving their economic situations in comparison to the areas where they previously lived.