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Reading: Field Marshal Al-Sisi announces one million residential units for youth
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Dailynewsegypt > Blog > Business > Field Marshal Al-Sisi announces one million residential units for youth
Business

Field Marshal Al-Sisi announces one million residential units for youth

Sara Aggour
Last updated: 2014/03/09 at 5:32 PM
By Sara Aggour 2 Min Read
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Following his meeting with the Chief Executive Officer of Arabtec Construction Company Hasan Abdullah Ismaik, Minister of Deference Field Marshal Abdel Fattah Al-Sisi announced the construction of one million residential units for Egyptian youth (Photo from Army Spokesman Facebook Page)
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Following his meeting with the Chief Executive Officer of Arabtec Construction Company Hasan Abdullah Ismaik, Minister of Deference Field Marshal Abdel Fattah Al-Sisi announced the construction of one million residential units for Egyptian youth (Photo from Army Spokesman Facebook Page)
Following his meeting with the Chief Executive Officer of Arabtec Construction Company Hasan Abdullah Ismaik, Minister of Deference Field Marshal Abdel Fattah Al-Sisi announced the construction of one million residential units for Egyptian youth
(Photo from Army Spokesman Facebook Page)

 

Following his meeting with the Chief Executive Officer of Arabtec Construction Company Hasan Abdullah Ismaik, Minister of Deference Field Marshal Abdel Fattah Al-Sisi announced the construction of one million residential units for Egyptian youth, the armed forced spokesman Colonel Ahmed Ali said on his official page.

The project will be cooperation between the Emirati construction company and the Egyptian armed forces. It is expected to be implemented over the next five years and aims to solve the housing problem for low income youth.

The cost of the project remains unknown as the Emirati representatives stated in a press conference that it is still “under study”.

The project will be under the umbrella of the “For Egyptian Youth” initiative, which was launched by Al-Sisi on Sunday.

Ismaik stated that this cooperation comes as part of the Abu Dhabi’s efforts to support the Egyptian leadership, adding that the company is honoured to be implementing the “largest housing project in the Arab World” with the armed forces.

Ismaik pointed out that the project will offer job opportunities to more than one million Egyptian citizens and will have a positive impact in developing economic and social conditions in Egypt.

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TAGGED: arabtec, Daily News, Daily News Egypt, Residential units, Sisi
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Popular video-sharing app TikTok was granted by the U.S. government a 15-day extension to reach a deal with U.S. buyers, a federal court filing showed Friday. This means the deadline for ByteDance, TikTok's Chinese parent company, to reach a deal with Oracle and Walmart has been extended from Nov. 12 to Nov. 27, according to the U.S. District Court for the District of Columbia.
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Sukari gold mine’s production reaches 5.2 million ounces with $7.5bn revenues in February 2023
Sukari gold mine’s production reaches 5.2 million ounces with $7.5bn revenues in February 2023
Business
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