689 projects have been completed in the housing sector across Egypt, according to Minister of Planning and Economic Development Hala El-Saeed.
This has come at a total investment cost estimated at EGP 72.6bn, of which 310 projects during fiscal year (FY) 2019/20 cost EGP 24.3bn.
It comes as part of the Ministry of Planning and Economic Development’s report on the housing sector during fiscal years (FYs) 2018/19 and 2019/20.
The minister also said that the share received by Upper Egypt and the border governorates amounted to about 31% of the total projects implemented, at a total cost of EGP 21.8bn.
She noted that 158 projects in Upper Egypt have been completed, at a total cost of EGP 16.8bn, in addition to the completion of 58 projects in the border governorates at a cost of EGP 5bn.
The Ministry of Planning and Economic Development report reviewed the projects completed during the past two years, including the Farafra/Dayrut corridor, and which extends for 310km in the Assiut and New Valley Governorates.
