Egypt to Offer 15,000 Rental Housing Units in Governorates and New Cities
Egypt's Ministry of Housing will launch 15,000 rental apartments across various governorates and new cities within one month under Cabinet-approved terms.
Machine-translated from Arabicالنسخة العربية
The Social Housing and Mortgage Finance Fund, an entity operating under Egypt's Ministry of Housing, Utilities, and Urban Communities, is preparing to launch a major rental housing initiative. The announcement was made by Engineer Randa Al-Minshawy, the Minister of Housing, Utilities, and Urban Communities, detailing plans to offer a significant number of residential apartments to eligible citizens.
Under this upcoming initiative, approximately 15,000 residential units will be made available under a structured rental system. The apartments are located across a number of governorates as well as several newly developed cities throughout the country. The official launch of the application process is expected to take place within one month from the announcement.
The implementation of this project follows official review and authorization. According to the minister, the offering will strictly adhere to the terms, conditions, and eligibility criteria that have already been formally approved by the Egyptian Cabinet. Further details regarding application procedures and specific location listings are expected upon the program's official rollout.
Source attribution
- vetogate.com
Original source links
- vetogate.com: Original source
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egypt · housing · real estate · social housing · rental apartments
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