Egypt’s SFD allocates €15 million French funding to upgrade six informal areas

Funds from the French Development Agency (AFD) will be allocated to help Egypt develop six informal areas nationwide.

Egypt’s Social Fund for Development (SFD) will allocate around €15 million (US$16.7 million) of a French Development Agency-led grant to develop six informal areas nationwide, an official in SFD said Wednesday.

Medhat Massoud, Head of SFD’s Central Sector for Human and Community Development, further told Amwal Al Ghad that the Egyptian fund had selected so far the Old Imbaba district to be the first of other five informal areas scheduled for development schemes.

SFD has allocated around 25 million Egyptian pounds (US$2.8 million) out of the AFD grant for Old Imbaba, Massoud added.