CAIRO: The United Arab Emirates-based company Arabtec Construction has completed the design for a one million unit housing project with the cooperation of the Military Engineering Authority (MEA), a military spokesperson announced Sunday on his Facebook page.
Hasan Ismaik, managing director of the UAE construction company, said in the statement such designs take months to be completed but the company delivered its design in one week.
Minister of Defense Abdel Fatah al-Sisi announced on March 10 a low-income housing project of one million housing units with the aim of solving the housing problem among Egyptian youth.
Ismaik said during an interview Sunday with CBC TV that the reserving of units with advance payment will begin soon, adding that a number of local and foreign banks will participate in funding the project.
He added that the first sample unit will be built within six months in Cairo, and Fayoum will be next.
The project has been charged with being “politically motivated,” Al Masry Al Youm newspaper reported, in its report March 13 that alleged the Military Engineering Authority would be tasked with the execution of major projects included in Sisi’s potential electoral program.
Attributing the report to anonymous sources, the newspaper said the authority’s financial and labor resources would help it implement national projects in the upcoming period. Compulsory conscription for males in the most populous country in the Arab world provides the military with almost free manpower, it reported.
A military spokesperson denied the report on the same day, saying that projects announced by the Armed Forces have nothing to do with political aspirations.
For the Arabtec Construction project, the defense ministry is believed to have donated 160,000 square meters of land in 13 locations, including Cairo, Alexandria and southern governorates such as Luxor, according to a report published on March 9 by the Financial Times newspaper.
According to the same report, construction is scheduled to begin in the third quarter of this year, with the first units constructed in early 2017, and the remainder expected before 2020.