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English news

07-Feb-2016

President allocates EGP1 billion from Long Live Egypt Fund to build cheap housing

President Abdel-Fattah El-Sisi ordered on Saturday that EGP1 billion from the Long Live Egypt Fund be assigned to build 100,000 affordable housing units. El-Sisi said that the current rate of building new housing projects is not enough to combat the phenomenon of informal and unregulated housing, adding that “we can't allow informal housing ever again.” El-Sisi also said that over the past 20 years, sewage systems were only built in 15% of Egyptian villages. He added that in the next two and a half years, 2,300 villages will be provided with sewage systems. The Long Live Egypt Fund was created by President El-Sisi in 2014 to solicit donations in support of Egypt's development. (ahramonline)

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