Despite the global financial crisis driven by the coronavirus pandemic and the ongoing Russia-Ukraine conflict, besides the climate change impacts and the increasing population, Egypt is still working on providing citizens, especially youth, with housing units, as part of the state’s efforts to provide a decent life for all.
While suffering hard currency shortage, Egypt has allocated more than LE 10.2 billion for the social housing program in the state’s draft general budget for the fiscal year 2023/2024 to build up on the one-million housing project that was launched in 2014 to provide affordable apartments for Egyptians with low and middle income, as well as the high class.
During the opening of a number of national projects in July 2021, President Abdel Fattah El-Sisi said that any citizen who will apply for an apartment will get it, explaining that the Egyptian state stands by its citizens in difficult circumstances.
Source: Egypt Today
