CAIRO, July 14, 2018 (MENA) - President Abdel Fattah El Sisi gave directives to continue exerting utmost to make new cities a pioneering model for life in Egypt in line with modern standards.
He stressed the importance of providing means of practicing sports for all the brackets of the society.
These remarks came during the meeting Sisi held with Premier and Housing Minister Moustafa Madboli, Youth and Sports Minister Ashraf Sobhi, the Head of the Financial Affairs Authority of the Armed Forces Mohamed Ameen Nasr and representatives of the Engineering Consultants Group (ECG), said presidential spokesman Bassam Rady.
The get-together took up the progress achieved in establishing a number of new cities including the New Administrative Capital, the New Alameen and New Mansora. Other projects including roads and main axes to serve these cities were also mulled.
The youth and sports minister reviewed the progress in constructing sports facilities in the new cities especially in New Alameen city and the New Administrative Capital.
The meeting tackled also the latest developments of establishing zones for integrated services on 60 feddans for each city.
By Gazette Staff
CAIRO, July 10, 2018 - Egypt and the World Bank have signed a US$350 million agreement for developing the healthcare system, according to Minister of Investment and International Co-operation Sahar Nasr.
Nasr announced on Tuesday that the agreement demonstrated the Bank’s keenness on supporting the social and health care programmes that were being implemented by the government.
She added that the Long Live Egypt Fund would support the implementation of an anti-Hepatitis C preventive and curative project, which was being undertaken by the government.
Nasr said that the World Bank was also committed to supporting the housing sector, which had been declared a priority by President Abdel Fattah El Sisi.
During a meeting with the World Bank, the two sides agreed on the need to take rapid steps to provide a second, $500 million in funds for the social housing project, which the delegation described as a success story.
During their visit, the Bank’s delegates will also be following up the development projects in Sinai.
By the Gazette Editorial Board
In 2014, the government decided to resume its role in creating housing units affordable for people of low income as well as middle class citizens. The aim was to solve the chronic housing problem that had engulfed society for decades because of the monopoly of the private sector over the housing market. The government’s absence from the housing sector had caused price hikes of various units even in regions that suffer poor public utilities and services.
Thus citizens, especially of the middle class, found what they needed in government projects such as that of Dar Misr that the Ministry of Housing started to create in the new cities. Dar Misr had an especially high appeal. It provided units with relatively big spaces at affordable prices for people of the middle class.
Parallel to this, the ministry's New Urban Communities Authority created some other subsidised social housing projects so that the poor could rent or even own a housing unit to be paid for in instalments over a longer term via the mortgage system.
It is true that the ministry continued to follow a policy of creating more stages of the project in the various governorates to meet public demand for these units especially those of Dar Misr.
The continuous rise of the price per metre of this project, however, raised public concern that it would lead to a price rise of housing units on the market in general rather than lead to the needed price balance in the housing sector.
Thus, the recent announcement of the head of the New Urban Communities Authority that the Dar Misr project would start producing luxury housing should raise public concern, for it empties the entire project of its aim of supporting people of the middle class.
In a recent statement to the press, Walid Abbas, justified this new trend in the Authority's policy by saying swimming pools and artificial lakes would be supplied to beautify the project. In other words, the ministry meant to turn a social project targeting the middle class into one offering units for wealthy people. The price of the metre proves this.
According to press reports, it would range between LE9,000 and LE10,000 per metre in this new proposed stage of the project to be created in the new cities, such as Sheikh Zayed and Sixth of October cities, rather than its original price of LE3,400-LE4,000 per metre when it was first launched in 2014.
On the one hand, this new policy and its prices would not only divert the project from its main target of serving middle class people, who have suffered much because of the ongoing economic reforms launched in November 2016, but would also contribute to a fresh price rise per metre of land and housing units created by the private sector.
Most importantly, wealthy people do not resort to state created projects to own a flat to live in. They look for more luxurious housing compounds that offer units with bigger spaces and much better facilities and are prepared to pay millions of pounds for a flat.
What is even more to be feared is the turning of the Dar Misr project into an attraction for those who would buy such units as an investment to hold till they can make a profit out of them, rather than to live in them.
Thus, this new policy would turn the Dar Misr project into a fresh complication in the housing problem rather than part of its solution.
CAIRO, June 6, 2018(MENA) – Minister of Military Production Mohamed Assar and Minister of Housing Moustafa Madbouly signed on Wednesday a cooperation protocol for implementing national and development projects.
Assar said the protocol aims at using the potential of both ministries to accomplish infrastructure and construction projects, including establishing water filtering and desalination stations and sewage treatment stations.
Madbouly hailed the cooperation protocol as it will give momentum to national projects, reduce importation and, hence, save hard currency.
CAIRO, May 1, 2018 - Minister of Housing Mustafa Madbouli said on Tuesday that the Middle Northern Coast Development and Construction Authority, affiliated to the Ministry, was implementing investment projects to serve people in the northern governorate of Kafr El-Sheikh.
The projects the second phase of purging and deepening Lake Burullus at a total cost of LE155 million, that is expected to be completed by the end of December this year, he added.
The Burullus project is aimed at developing the lake, increasing fish production, creating a suitable environment for the proliferation of various species of fish, providing areas to free fishing and creating job opportunities for the citizens of Kafr El-Sheikh governorate.
According to a Housing ministry press release, the final phase of establishing the Baltim Corniche on Lake Burullus will be implemented in July this year.
This project includes establishing a tiled and shaded pavement with marble seats, planting trees and beautifying the Corniche in various ways. The statement added that the project was part of a plan for developing touristic sites.
CAIRO, March 22 (MENA) - Minister of Housing, Utilities and Urban Communities Moustafa Madbouly has met Minister of Tourism Rania al-Mashat and Serageddin Saad, the head of the General Authority For Tourism Development, to discuss tourism projects to be established in accordance with a recently announced Sinai development plan.
A master plan for a new city on 22,500 feddans in El Tur is being prepared, Madbouly said in a Ministry press release Thursday, noting that its coastal area will be developed for tourism purposes.
Moreover, Madbouly stated that the master plan is to be developed in tandem with the General Organization for Urban Planning and the General Authority For Tourism Development. According to the minister, the New Urban Communities Authority will be responsible for building the city's infrastructure.
He promised that the city will be a full-fledged new urban community that provides its residents with quality facilities and services.
The minister confirmed that implementation will start immediately once the master plan is finalised and approved by the cabinet and the president.