CAIRO: Field Marshal Abdel Fatah al-Sisi announced Sunday a low-income housing project that will develop one million housing units with the aim of solving the housing problem among Egyptian youth.
Sisi met Sunday with Hassan Abdullah Smeek, the managing director of the UAE construction company Arabtec, to sign an agreement on the construction of one million housing units for low-income citizens within a 5-year period.
The meeting discussed the technical aspects of the project, including legal and financial matters, along with a specific schedule for its implementation, military spokesperson Ahmed Ali said on his official Facebook page Sunday.
The housing project will include 100 schools, 28 medical centers and 25 granaries, said Taher Abdullah, the head of the engineering authority of the armed forces, during a Sunday press conference.
Abdullah said conditions for housing distribution and ownership will be set during the implementation phase, adding that the one million housing units project is not related to the other UAE-funded project for 100,000 housing units.
Smeek said the housing project will contribute to economic and social development in Egypt during the coming period and will aim to alleviate unemployment for youth as it will provide over one million jobs.
He added that Sisi agreed to grant the required land for construction for free, which will economize costs by 25 percent.
The program includes short-term plans to improve the lives of the poor and to provide job opportunities for the youth. Both the public and private sectors are expected to contribute to the project’s implementation, Youm7 reported.
The project’s announcement coincides with widespread speculation that Sisi will announce his candidacy in the upcoming presidential elections.
Additional reporting by Ahmed Zyada.