Egypt partners with Google to promote 'unmatched diversity' tourism campaign    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Taiwan GDP surges on tech demand    World Bank: Global commodity prices to fall 17% by '26    Germany among EU's priciest labour markets – official data    UNFPA Egypt, Bayer sign agreement to promote reproductive health    Egypt to boost marine protection with new tech partnership    France's harmonised inflation eases slightly in April    Eygpt's El-Sherbiny directs new cities to brace for adverse weather    CBE governor meets Beijing delegation to discuss economic, financial cooperation    Egypt's investment authority GAFI hosts forum with China to link business, innovation leaders    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's Gypto Pharma, US Dawa Pharmaceuticals sign strategic alliance    Egypt's Foreign Minister calls new Somali counterpart, reaffirms support    "5,000 Years of Civilizational Dialogue" theme for Korea-Egypt 30th anniversary event    Egypt's Al-Sisi, Angola's Lourenço discuss ties, African security in Cairo talks    Egypt's Al-Mashat urges lower borrowing costs, more debt swaps at UN forum    Two new recycling projects launched in Egypt with EGP 1.7bn investment    Egypt's ambassador to Palestine congratulates Al-Sheikh on new senior state role    Egypt pleads before ICJ over Israel's obligations in occupied Palestine    Sudan conflict, bilateral ties dominate talks between Al-Sisi, Al-Burhan in Cairo    Cairo's Madinaty and Katameya Dunes Golf Courses set to host 2025 Pan Arab Golf Championship from May 7-10    Egypt's Ministry of Health launches trachoma elimination campaign in 7 governorates    EHA explores strategic partnership with Türkiye's Modest Group    Between Women Filmmakers' Caravan opens 5th round of Film Consultancy Programme for Arab filmmakers    Fourth Cairo Photo Week set for May, expanding across 14 Downtown locations    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Ancient military commander's tomb unearthed in Ismailia    Egypt's FM inspects Julius Nyerere Dam project in Tanzania    Egypt's FM praises ties with Tanzania    Egypt to host global celebration for Grand Egyptian Museum opening on July 3    Ancient Egyptian royal tomb unearthed in Sohag    Egypt hosts World Aquatics Open Water Swimming World Cup in Somabay for 3rd consecutive year    Egyptian Minister praises Nile Basin consultations, voices GERD concerns    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    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.



Sisi Meets with UAE Arabtec to Launch Low-income Housing Project in Egypt
Published in Amwal Al Ghad on 09 - 03 - 2014

Egypt's powerful military chief is launching a housing initiative to build a million homes for the poor, in the first campaign-style move by Field Marshal Abdel-Fattah al-Sisi, who is widely expected to run for president.
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, Ahram Online reported. The initiative is dedicated to "Egypt's youth" and is a first step to solve the country's housing problem.
Senior generals close to Sisi have told The Associated Press he is focusing on the country's myriad of economic problems.
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."
Sisi hasn't made an official announcement yet, but has strongly indicated he would run. The elections expected in April are the first since the military ousted elected Islamist President Mohamed Morsi in July following mass protests against him.


Clic here to read the story from its source.