1 Day
Source:
بوابة الشروق
El-Sisi to launch social housing plan
Prime Minister Mostafa Madbouly spoke about President Abdel Fattah El-Sisi's directive to launch a large housing program that includes rental units, social housing, and units for middle-income earners over the next four years. He emphasized that the government has implemented around 2 million housing units, focusing on social housing and middle-income families, with the goal of providing units at affordable prices and installment plans of up to 20 years. He also pointed out that the government is resuming the traditional rental housing model that was prevalent until the 1970s, as a means to reduce informal settlements. Rental units now comprise up to 50% of the housing market, mirroring practices in developed countries.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)