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Home Egypt

President Sisi stresses importance of overcoming investment obstacles facing housing sector

by Gazette Staff
April 18, 2026
in Egypt, Local
President Sisi stresses importance of overcoming investment obstacles facing housing sector 10 - Egyptian Gazette
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Egypt’s President Abdel Fattah El Sisi has underscored the necessity of adhering to strict project timelines and overcoming investment obstacles within the housing, utility, and drinking water sectors.

Stressing the importance of continuous field monitoring, the President directed that all national projects be implemented to the highest quality standards.

The president issued these directives during a meeting on Saturday with Minister of Housing, Utilities, and Urban Communities Randa el-Menshawy. Other officials in attendance included Major General Amir Sayed Ahmed, Advisor to the President for Urban Planning, Lieutenant General Ahmed el-Shazly, Advisor to the President for Financial Affairs, Major General Khaled Abdullah, Head of the Armed Forces Financial Affairs Authority, and Major General Walid Aref, Head of the Armed Forces Engineering Authority.

During the meeting, the minister of housing reviewed the ministry’s work plan, including the expansion of housing programmes and the implementation status of projects across various governorates.

These include the “Housing for All Egyptians” initiative, the construction of approximately 220,000 middle- and upper-middle-income housing units, and around 130,000 luxury units.

She also highlighted the launch of the first phase of a private sector partnership programme to build 17,000 low-income housing units in eight new cities, the Presidency Spokesman, Ambassador Mohamed el-Shennawy, said in a statement.

The discussions also covered progress on the “Decent Life” initiative, with the president directing the completion of its first phase within the current year and prioritising sewage treatment plants in the second phase.

Developments were also reviewed regarding the Great Transfiguration Project in Saint Catherine, Al-Fustat Park, and projects along the North Coast and Red Sea, the spokesman noted.

The meeting also covered progress in New Alamein City, including the beachfront towers, the Latin Quarter, and the International Conference and Exhibition Centre in the Heritage City, alongside proposals for a new Cultural Centre within the Cinema Complex.

Furthermore, Minister el-Menshawy reviewed the inaugural phase of a rental housing programme, which aims to deliver 10,000 units.

Discussions also encompassed alternative housing solutions related to the old rent law and new strategies to promote rental and rent-to-own models.

The president emphasised the necessity of integrated urban development that addresses citizens’ needs while aligning with Egypt’s broader national development vision.

Tags: EgypthousingSisiTop_News
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