Cairo University earns 850M pounds from housing units
The article discusses the progress of the housing project for faculty members and staff at Cairo University. Over the recent period, significant achievements have been accomplished, including the completion of most construction works, the development of infrastructure and services, and improvements in management and governance systems. More than 350 million Egyptian pounds have been paid to the main contractor. Large portions of essential facilities such as power, water, and sewage systems have been completed. Additionally, an integrated security system has been developed, and occupancy rates have increased. Efforts have also successfully resulted in the sale of over 600 commercial, administrative, and residential units, generating revenues of more than 850 million Egyptian pounds from their sales, which are being collected through monthly installments. Currently, the focus is on finalizing settlements with the involved companies and closing pending files to ensure the project's stability and full operation, while safeguarding owners’ rights and sustainable resource management.
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