Over 326k housing units implemented in Egypt over last fiscal year

The last fiscal year witnessed the implementation of as many as 326,263 housing units with a total investment of over 106.8 billion Egyptian pounds, according to Egypt’s official statistic agency CAPMAS.

The government and the private sector have both contributed to establishing the housing units mentioned, as the private sector could alone provide 221,187 units with total investment of over LE 77.3 billion, according to the CAPMAS report.

The rest of the housing units (105,076 units) have been established by the government with total investments of about LE 29.5 billion.

According to CAPMAS, the housing units implemented vary from low cost housing units to luxurious ones.

The Cabinet handed the Parliament a 140-page semi-annual report on the performance of Moustafa Madbouli’s government during the first six months of its mandate.

As per development projects, the report read that about 1,133 projects with investment cost of LE 311 billion were completed in 20 sectors, including 311 projects in education and health sectors with investment of LE 2.3 billion, and 310 projects in local development with cost of LE 690 million. Also, about LE 22.8 billion were invested in 160 housing projects.