Construction firm Dorra Group has announced plans to construct 10,000 residential houses in Egypt in a bid to tackle the current demand for housing in the country.
Managing director Omar Dorra said they intend to target the youth in their housing projectl.
He said that they recently submitted a request to the Ministry of Housing to develop a residential project for youth and middle income persons.
“We have not yet received official feedback from the ministry on this, but we are confident that we will hear from them soon in an official capacity, because we are ready and eager to begin right away,” he said.
The company has been eyeing construction projects in Egypt and they had previously developed and constructed a youth project, which offered around 2,000 housing units that were spread over approximately 168,000 sqm.
The director however added that they will work on the construction project once they green light the ministry soon since they have fulfilled all ministerial requirements, including client paperwork for people who satisfied the youth housing requirements.
Dorra revealed that the total built up area expected from the 10,000 units, with an average size of 100 sqm per unit, will equal to approximately 1m sqm.
Dorra pointed out that after receiving the required permits and licences, the company would need two years to complete the project.
The construction of residential houses in Egypt will be a major boost in a country that is struggling with an ever increasing housing deficit.