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Key decisions in Cabinet meeting including leasehold housing
The Council of Ministers approved several decisions related to the development of the industrial, housing, and healthcare sectors in Egypt. Among the most notable is the establishment of a new company for Suez University to provide technical consulting, training, and to transform scientific research outputs into economic projects. Additionally, a new Ghazl El Mahala textile company was founded as part of the plan to develop the textile industry. The approval also included creating an investment fund to finance and restructure struggling factories, upgrading the emergency department at Helwan Specialized Hospital, and offering 5,000 housing units under a rent-to-own scheme for prospective homeowners. Furthermore, the cabinet approved a compensation valuation system to preserve buildings with distinctive architectural styles, as part of efforts to safeguard architectural heritage.
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