Egypt Plans To Build 1 Million Homes For The Poor - Minister Mustafa Madbouly

Published 3 years ago by: CLARA JANCITA
at 12:01 PM, 10/12/2015 (3 years ago)

(13657 | Hero) (f)

Egyptian Housing Minister, Mustafa Madbouly, said plans are underway to build 1 million homes for poorer people at a cost of almost 20 billion dollars over the next five years.
He said on Wednesday in Cairo that the plan was aimed at easing a crunch that has seen slums and unlicensed buildings spread since the 2011 revolt.
Madbouly said with a population of about 90 million, projected to exceed 120 million by 2050, and with many Egyptians living in sprawling slums, the country was struggling to build enough houses for the poorest in society.
“So many people live in a network of tombs in Cairo that the area has become known as the City of the Dead.
The minister said Egypt needed to build 500,000 or 600,000 new homes a year to keep up with demand, and 70 per cent of it was aimed at the poor.
“The social housing project will see 200,000 new homes built each year, meeting over half the annual demand for cheap housing.
“Private developers, who have built new suburbs around Cairo, are meeting the needs of middle and higher income Egyptians who can buy homes outright or obtain mortgages,”
he said.
Madbouly said Egypt was financing its social housing scheme through land sales to developers building higher-end homes.
“This is totally being implemented by the Egyptian government and the ministry of housing with a total investment that exceeds 150 billion Egyptian pounds or 19.16 billion dollars.
“We are making use of the projects we are offering to the private sector to finance and cross-subsidise the social housing programme,”
he said.
Madbouly said he was also working to upgrade informal settlements, which comprise 40-50 per cent of urban areas, and to bring 24-hour piped water to all homes within three years.
He said three per cent of Egyptian households have no running water at all and in rural areas some homes receive water for only 12 hours a day.
Madbouly said government also plans to bring sewage treatment to 50 per cent of rural areas, up from 15 per cent now.
“We are upgrading slums and unsafe areas. We are talking here about 248 areas and150, 000 families.
He added that Egypt had also planned to build 1 million homes for middle-income Egyptians by 2020 in a 35-billion dollars joint venture with Dubai-based Arabtec.
Madbouly said the latest proposal from Arabtec foresees the construction of just 13,000 units in the first phase.

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Oworen25 at 12:10 PM, 10/12/2015 (3 years ago)
(12286 | Hero) (m)

This is how government that seems they are for the people suppose to look like.
Oways at 12:40 PM, 10/12/2015 (3 years ago)
(3858 | Gistmaniac) (m)

Nigeria should come and take example from them
Larry28 at 12:59 PM, 10/12/2015 (3 years ago)
(16535 | Hero) (f)

akinmanchy at 03:20 PM, 10/12/2015 (3 years ago)
(11261 | Hero) (m)

And that's one nice African country living by example

elchymo at 04:33 PM, 10/12/2015 (3 years ago)
(22559 | Addicted Hero) (m)

Can someone tell buhari to build houses for the poor in Nigeria? Will he listen to the person?? I guess u all already know the answer
gogoman at 06:06 PM, 10/12/2015 (3 years ago)
(31870 | Addicted Hero) (m)

naija no care for poor
okatee at 06:36 PM, 10/12/2015 (3 years ago)
(7680 | Hero) (m)

na diz kind govt we need fr naija
winace at 07:53 PM, 10/12/2015 (3 years ago)
(30610 | Addicted Hero) (f)

Nice move. Abeg come help tell our own minster to think inside d box like dis.
Ayodun1 at 10:32 PM, 10/12/2015 (3 years ago)
(2078 | Gistmaniac) (m)

Good...... #BRF You dey see so ...

yemoma at 01:06 AM, 11/12/2015 (3 years ago)
(873 | Upcoming) (m)

Who cares
Novic at 01:46 AM, 11/12/2015 (3 years ago)
(15381 | Hero) (m)

that was a great development frm facebook, this we help motivate and change mentality of young generation.
Novic at 01:50 AM, 11/12/2015 (3 years ago)
(15381 | Hero) (m)

This is great development by there government. i hope 9ja government can follow this step that they are lying dwn.
zezprincess at 09:19 AM, 11/12/2015 (3 years ago)
(8071 | Hero) (f)

Its a good&welcome idea,others should emulateooo.
AmazingMarie at 06:13 PM, 11/12/2015 (3 years ago)
(12064 | Hero) (f)

I hail this minister. good idea. at least this will alleviate poverty
stephen153 at 06:56 AM, 22/12/2015 (3 years ago)
(30038 | Addicted Hero) (m)

nice plan... a lot better if achieved... i go like go there sef


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