Member of Egyptian Businessmen’s Association and Egyptian Federation for Construction and Building Contractors (EFCBC) Daker Abdallah called upon the Ministry of Housing to allocate part of the land of the new administrative capital for household housing.
Abdallah issued a statement highlighting the importance of offering those lands at affordable prices to attract more citizens and meet their needs. Those lands should be granted to citizens five years from the date of allotment, to connect and complete all facilities, and to avoid burdening the state further.
Abdallah expects a strong demand on those lands, in light of their distinguished location and proximity to government institutions and ministries, which are expected to be transferred to the new capital. “The state can make revenues of at least EGP 20bn from selling those lands, which will help the state with the development of the city.”
His called on the government to allocate the lands and build compounds, with construction regulations for height, design, and colours used in the implementation of residential buildings.
The government should commissions the implementation to be carried out by major construction companies, in accordance with the conditions set out by the Ministry of Housing, to ensure that the implementation follows specified standards and quality.