Egypt’s judges and members of the judicial authorities have taken the initiative to reside in the New Administrative Capital (NAC), after the government with all its ministries, bodies and institutions moved their offices there.
This statement by Minister of Justice Omar Marwan came in press remarks on the sidelines of a ceremony to hand over fully furnished housing units in NAC to members of the judicial authorities.
The move was within the framework of President Abdel Fattah El Sisi’s initiative for real estate financing.
In 2021, the president instructed the Central Bank of Egypt to formulate and launch a new mortgage-financing programme for low- and middle-income groups with long-term loans of up to 30 years at interest rate of less than 3 per cent.
The minister of justice said that the new capital has become a tangible reality, as it was established in record time to become a modern, developed and full-service city in line with the state’s trend to provide an advanced, digital work environment and adequate housing for citizens.
Marwan said that contracts for owning a first batch of housing units were delivered to members of the judicial authorities, as a result of benefiting from President Sisi’s initiative to facilitate the acquisition of housing units for citizens, especially young people.
Marawan hailed fruitful partnership between the Ministries of Justice and Housing, expressing his appreciation for the role of Minister of Housing Assem el-Gazzar to make this initiative a success, leading to the delivery of the first batch of residential apartments to judges.
The minister toured one of the units implemented in the neighborhood (R3) in the NAC, designated for members of the judicial authorities.