Tag: PM

Prime Minister Mostafa Madbouly received on Wednesday Kazakhstan’s Minister of Foreign Affairs Mukhtar Tileuberdi and his accompanying delegation at the ...

Prime Minister Mostafa Madbouly said President Abdel Fattah El-Sisi would launch and announce a major housing programme covering rental housing, social housing and projects for middle-income families, with units to be delivered over the next four years. Madbouly made the remarks on Wednesday  during a session entitled “Market Regulation and a More Effective Social Protection System” on the third day of Egypt Forum 2026, held in line with President Sisi’s directives. In response to a question, Madbouly said the state had built, was building and continued to complete around two million housing units over recent years. Most of these fall under social housing schemes, alongside projects targeting middle-income households, including Sakan Misr, Dar Misr and Jannah. He explained that the programmes aim to enable citizens to own homes through affordable payment plans extending over approximately 20 years, at prices unmatched by those available on the Egyptian property market. He acknowledged that some segments of society cannot afford homes developed by the private sector, highlighting the need to diversify housing options to suit different income levels. Madbouly said the new approach, under President Sisi’s directives, would revive rental housing alongside homeownership schemes, offering citizens a wider range of options to meet their needs. He noted that renting was widespread in Egypt until the 1960s and 1970s, before declining due to laws and policies that, over the medium and long term, failed to maintain a balance in the housing market and provide suitable accommodation for different social groups. The prime minister added that President Sisi had previously identified the decline of rental housing as one of the factors contributing to the spread of informal settlements. He stressed the importance of diversifying housing policies and providing suitable alternatives to meet demand and prevent the emergence of informal areas in the future. Madbouly said rental housing accounts for up to 50 per cent of the housing market in many countries, including developed economies, where around 50 to 60 per cent of housing units are rented rather than owned. This, he said, had prompted the government to consider restoring rental housing as a significant component of Egypt’s property market. He also referred to the president’s announcement the previous day that thousands of rental housing units would be offered in the coming period, alongside directives to continue the presidential Housing for All Egyptians initiative and social housing projects.

Egypt’s exports to countries worldwide rose by 18.7 per cent year-on-year to $4.7 billion in August 2026, compared with $4 billion in August 2025, according to the latest data released by the Central Agency for Public Mobilisation and Statistics (CAPMAS), headed by Major General Akram El-Gohary. Egypt experienced major security transformation since 2011 Egypt has experienced a major security transformation since the events of 2011, ...

Prime Minister Mostafa Madbouly lauded Egypt’s investment in new cities and major infrastructure projects, saying urban expansion is essential to ...

Minister of Health and Population Khaled Abdel Ghaffar said on Tuesday the success of the healthcare system should be measured ...

Prime Minister Mostafa Madbouly said New Cairo is now home to three million people, while 6th of October City has a population ...

The Assets Committee of Egypt’s National Investment Bank (NIB) reviewed the assets transferred to the bank’s ownership on Tuesday and discussed proposed ...

Israel said on Monday it would resume allowing commercial goods shipments into Gaza after a days-long halt over a tax ...

Prime Minister Mostafa Madbouly delivered a speech during a session entitled “What Are Our Children Learning, and Does It Prepare ...

Egypt Forum 2026 aims to foster serious and constructive dialogue on the country’s current realities and future, bringing together the ...