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25-10-18
Egyptian Housing to aid New Damietta with USD150.3m
(MENAFN) The Egyptian Ministry of Housing was announced to have allocated USD150.3 million for New Damietta City.
Egyptian Prime Minister Moustafa Madbouly stated: "the investments of the current financial year 2018/2019 are estimated at 1.4 billion pounds."
The prime minister further affirmed the ministry to be making progress in its execution of 3,840 units, including 160 buildings in New Damietta.
The implementation of the unit was explained by Madbouly to be part of Egypt's Iskan Misr flagship, noting that the country hit 70 percent in its achievement rates.
He further revealed that "we will start delivering the land plots at the beginning of this October."
MENAFN2510201800450000ID1097617392
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