Egypt’s housing ministry invests EGP 4.9bn in New Obour City

Cairo – Mubasher: Total investments of current and undergoing projects in New Obour City have reached EGP 4.9 billion since March 2018, Egypt’s housing minister said in a statement.

These investments include EGP 1.4 billion projects in fiscal year 2018/2019, Assem al-Gazar said.

Al-Gazar noted that there are 1,090 buildings under construction in the city, comprising 26,160 residential units of the social housing project.

The ministry is also completing around 60% of the construction of 130 buildings with 3,120 units as part of Sakan Misr project.

Mubasher Contribution Time: 11-Apr-2019 09:24 (GMT)
Mubasher Last Update Time: 11-Apr-2019 09:50 (GMT)