CAIRO: The Egyptian Ministry of Housing and Urban Societies has allocated part of Germany aid package to Egypt to develop nine slum areas in Cairo and Giza, Minister Mostafa Madbouly announced in a statement Saturday.
Egypt’s Slum Development Fund has signed an agreement with The Deutsche Gesellschaft für Internationale Zusammenarbeit GmbH (GIZ) to allocate its 13 million Euro ($16m) aid for the infrastructure of those nine slums areas.
Developing the slums will be part of the Ministry of Planning’s strategy of 2013 Sustainable Development Project, he said.
“We are trying to carry out (the project) fast and will frame a timetable to develop all insecure slums within three years,” Madbouly said. Three of the slum areas are located in Cairo while the other five are in Giza.
Former Minister of Urban Development Laila Iskandar stated in June that about 40-50 percent of Egyptians live in “unplanned neighborhoods;” some in historic and investment areas, some in rural areas and others in really poor, marginalized areas.
On May 7, the World Bank approved $500 million loan for social housing projects in Egypt, especially for an estimated 1.6 million beneficiaries living below the poverty line.