Egypt extends Eni's oil and gas concession in Suez Gulf, Nile Delta to 2040    Egypt, India explore joint investments in gas, mining, petrochemicals    Egypt launches National Strategy for Rare Diseases at PHDC'25    Egyptian pound inches up against dollar in early Thursday trade    Singapore's Destiny Energy to invest $210m in Egypt to produce 100,000 tonnes of green ammonia annually    Egypt, South Africa discuss strengthening cooperation in industry, transport    Egypt's FM discusses Gaza, Libya, Sudan at Turkey's SETA foundation    UN warns of 'systematic atrocities,' deepening humanitarian catastrophe in Sudan    Egypt's Al-Sisi ratifies new criminal procedures law after parliament amends it    Egypt launches 3rd World Conference on Population, Health and Human Development    Cowardly attacks will not weaken Pakistan's resolve to fight terrorism, says FM    Egypt's TMG 9-month profit jumps 70% on record SouthMed sales    Egypt adds trachoma elimination to health success track record: WHO    Egypt, Latvia sign healthcare MoU during PHDC'25    Egypt, India explore cooperation in high-tech pharmaceutical manufacturing, health investments    Egypt, Sudan, UN convene to ramp up humanitarian aid in Sudan    Egypt releases 2023 State of Environment Report    Egyptians vote in 1st stage of lower house of parliament elections    Grand Egyptian Museum welcomes over 12,000 visitors on seventh day    Sisi meets Russian security chief to discuss Gaza ceasefire, trade, nuclear projects    Egypt repatriates 36 smuggled ancient artefacts from the US    Grand Egyptian Museum attracts 18k visitors on first public opening day    'Royalty on the Nile': Grand Ball of Monte-Carlo comes to Cairo    VS-FILM Festival for Very Short Films Ignites El Sokhna    Egypt's cultural palaces authority launches nationwide arts and culture events    Egypt launches Red Sea Open to boost tourism, international profile    Qatar to activate Egypt investment package with Matrouh deal in days: Cabinet    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Sisi expands national support fund to include diplomats who died on duty    Madinaty Golf Club to host 104th Egyptian Open    Egypt's PM reviews efforts to remove Nile River encroachments    Al-Sisi: Cairo to host Gaza reconstruction conference in November    Egypt will never relinquish historical Nile water rights, PM says    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



El-Sisi to launch low-income housing project in Egypt
Egypt's military chief will establish a new initiative to build one million low-cost housing units, in cooperation with UAE construction company Arabtec
Ahram Online Published in Ahram Online on 09 - 03 - 2014

Egypt's military chief Abdel-Fattah El-Sisi will launch a new initiative to build a million housing units for low-income Egyptians, an official spokesman announced on Sunday.
Military spokesman Ahmed Ali said on Sunday that the “For Egypt's Youth” initiative will be established through cooperation between leading UAE construction company Arabtec and the Egyptian armed forces. The collaboration is planned to continue for five years.
On Sunday, El-Sisi, who is minister of defence, met with managing director of Arabtec Hassan Abdullah Smeik to discuss the details of the project, including where the units will be built, and the time frame of the work.
“This project is the fruit of the wise guidance of [UAE's crown prince] Sheikh Mohamed Bin Zayed and his concern for providing support to the current Egyptian leadership for the advancement of Egypt,” said Smeik during the meeting, adding that his company is proud to collaborate with the Egyptian armed forces in establishing “the largest housing project in the Arab region.”
Smeik added that the project will not only provide millions of low-income Egyptians with housing, but will also provide jobs for more than one million people.
The UAE, a staunch opponent of the Muslim Brotherhood, has been a strong supporter of transitional authorities in Egypt. The Gulf state has provided Egypt with almost $7 billion in grants, loans and oil shipments since the ouster of president Mohamed Morsi in July 2013.
Speaking to the Financial Times in February, Mohammed Kandil, political secretary at the Egyptian embassy in Abu Dhabi, said that the UAE is keen on having its aid used to finance “projects that have specific development or non-profit goals and are directed at poor people.”
El-Sisi, a popular figure with many Egyptians, is widely expected to announce that he will run for president in elections due to take place this spring.
http://english.ahram.org.eg/News/96253.aspx

Clic here to read the story from its source.