EGP nudges higher vs. USD in early Thursday trading    Global electricity demand to surge through 2026 – IEA    Japan's c. bank holds key interest rate    Egypt, US FMs discuss Gaza crisis, Nile water security    Egypt's Electricity Ministry says new power cable for Giza area operational    Egypt exports first high-tech potato seeds to Uzbekistan after opening market    Modon Holding posts AED 2.1bn net profit in H1 2025    Egypt's Al-Sisi, Italian defence minister discuss Gaza, security cooperation    Egypt's FM discusses Gaza, Nile dam with US senators    Aid airdrops intensify as famine deepens in Gaza amid mounting international criticism    Health minister showcases AI's impact on healthcare at Huawei Cloud Summit    On anti-trafficking day, Egypt's PM calls fight a 'moral and humanitarian duty'    Egypt strengthens healthcare partnerships to enhance maternity, multiple sclerosis, and stroke care    Egypt keeps Gaza aid flowing, total tops 533,000 tons: minister    Indian Embassy to launch cultural festival in Assiut, film fest in Cairo    Egyptian aid convoy heads toward Gaza as humanitarian crisis deepens    Culture minister launches national plan to revive film industry, modernise cinematic assets    Sudan's ambassador to Egypt holds reconstruction talks on with Arab League    I won't trade my identity to please market: Douzi    Sisi sends letter to Nigerian president affirming strategic ties    Egypt, Senegal sign pharma MoU to unify regulatory standards    Two militants killed in foiled plot to revive 'Hasm' operations: Interior ministry    Egypt, Somalia discuss closer environmental cooperation    Egypt's EHA, Huawei discuss enhanced digital health    Foreign, housing ministers discuss Egypt's role in African development push    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    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.



9,125 residential units constructed in Beheira: Minister of Housing
Published in Daily News Egypt on 14 - 04 - 2014

Minister of Housing, Utilities and Urban Development Mostafa Madbouly visited Beheira Governorate to inspect 9,125 residential units that are being built as part of a social housing programme, according to a Sunday statement by the housing ministry.
Madbouly announced that 2,106 residential units are also being constructed in Rasheed and Wadi El Natrun. The residential units form part of the agreement announced in March between former Defence Minister Abdel Fattah Al-Sisi and the Emirati Arabtec Company.
The ministry is working on a number of low-income housing projects slated to be completed by the end of June, including 8,000 low-middle income housing projects that are being implemented in cooperation with the Central Bank of Egypt, the ministry announced in March.
Last week, Madbouly announced in a press conference that the ministry is constructing 50,000 residential units which form part of a social housing programme in the 10th of Ramdan, Al- Sadat and New Assiut cities, slated to be completed by the end of June.
According to a report published in April by the Egyptian Initiative for Personal Rights (EIPR), 50% of the low-income individuals are deemed ineligible to apply for residential units.
Government regulations dictate that to qualify for ownership of an apartment, a family's annual income cannot exceed EGP 40,000, which encompasses around 10% of Egyptians. It has also set an EGP 23,040 floor, which excludes citizens who fall under the low and lowest income categories, or those who have received a maximum of EGP 20,858 and EGP 18,290 in FY 2012/2013, respectively, according to the Central Agency for Public Mobilization (CAPMAS).


Clic here to read the story from its source.