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President Sisi Orders 200,000 Rental Apartments

President Sisi Orders 200,000 Rental Apartments

Egyptian President Abdel Fattah El-Sisi's article focused on efforts toward urban and developmental advancement in Egypt. It addressed infrastructure development projects, including roads and ports, and the enhancement of the transportation sector through the construction of new roads, metro systems, and railways. Additionally, the article highlighted efforts to reduce informal housing and develop major cities, including the creation of 61 new cities. The government also discussed housing projects and rural development initiatives, providing a comprehensive overview of strategies aimed at improving citizens' quality of life. Sisi emphasized that resolving the housing crisis, including legislation on old rental laws, requires realistic and balanced efforts. He pointed out that Egypt faces significant challenges and that achieving comprehensive development will take approximately 20 to 30 years, with a targeted plan to reach 2030. Furthermore, he announced major agreements to develop urban and investment projects valued at 11 trillion Egyptian pounds, with a focus on cooperation with the private sector. These include the construction of 200,000 rental units and projects aimed at improving the economic and social infrastructure, as well as expanding into new urban communities.

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