Egyptian social housing will be allocated LE10 billion in 2012

Ahram Online, Wednesday 20 Jul 2011

Project designs are being finalised for use in first half of next year, with LE7bn coming from the state budget and the rest from development partners

Egypt’s Minister of Housing and Urban Development, Fathy El-Baradei, has confirmed LE10 billion will be allocated to the Social Project for Housing for use next year.
 
These allocations will run for a six months period from January to June, of which LE7bn will be allocated from the state budget and LE3bn from other development partners. 
 
Designs of the project are currently being finalised after being offered to more than 200 design offices to prepare and submit, after which contracting companies will be invited through a Ministry of Housing bid to implement samples of the housing units.
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