Tahya Masr (Long Live Egypt) Fund, initiated by President Abdel Fattah al-Sisi, is to deliver the first and second phases of a social housing project tailored for slum residents next April.
The Tahya Masr social housing project is to include 15,000 housing units to place 60,000 slum residents, said Manal Shaheen, the fund’s General Director of Development Projects.
The official added that works on the project’s third phase would commence next May in cooperation with the state-run Arab Contractors.
The fund has allocated 90 million Egyptian pounds of 275 million Egyptian pounds for the development of 10 villages in Upper Egypt.
The housing project was announced by President Abdel Fattah Al-Sisi earlier in February. Tahya Masr (Long Live Egypt) is a donation based fund that was launched by the president in June 2014. Several businessmen and banks made notable donations.