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As for our housing issue, this is not a problem. I will let you walk around and get tired in apartments” | Abdel Fattah El-Sisi - August 2021.
From 1976 until 2005 (30 years), Egypt implemented 1.2 million new housing units, at 42,000 units per year.
From 2005 to 2013 (8 years), Egypt implemented 383 thousand housing units, at a rate of 48 thousand units per year.
From 2015 to 2021 (7 years), Egypt implemented 1.5 million housing units, at a rate of 225 thousand units per year
This mean, in the last 7 years, Egypt implemented housing units equal to what was implemented in 38 years..
The 1.5 million housing units that were implemented in the last 7 years cost 600 billion pounds, which means more than 38 billion dollars, and this represents 10% of the state's investments in this period.
The 1.5 million housing units worldwide included a quarter of a million apartments for residents of slums and unsafe areas in 25 governorates, with one million Egyptians, and the rest was divided between social housing, medium housing, above-average housing, luxury housing, and ultra-luxury housing.
Now Egypt is building one million new housing units, at a rate of 250,000 housing units per year, to be completed by 2026, and before they are finished, 2 million new housing units will be started , at a rate of 500,000 housing units per year (10 times what Egypt used to implement in a year) and they will be finished by 2030.
In 2014, the inhabited area in Egypt was only 6%, and the vast majority were centered around the Nile. Now, Egypt is striving during the next 9 years to reach 14% of these, which means that in 9 years Egyptians will live in more than the area that they have inhabited over the past 7000-8000 years.
The “New Republic” is all planned at the highest level, from Damietta to Aswan. New cities have wide streets, their houses are regulated, and their transportation is modern. Cities have no place for slums.
One of the luxury residential compounds newly joined to the city of Alexandria at a cost of 1.3 billion dollars..Owned by the Ministry of Housing in partnership with an Egyptian private sector company..