Egypt to construct over 40,000 housing units at New Administrative Capital

1.5% of Kenyans gross salary to subsidize the Affordable Housing Scheme

The government of Egypt is set to construct over 40,000 housing units in the new administrative capital by the end of June 2020.

Minister of Housing, Utilities and Urban Communities, Essam al-Gazzar said that the project is being implement by the Ministry of Housing and is divided into eight neighborhoods, including villas, and mixed housing in the third district, Capital Residence.

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Housing project

The project include construction of 23,412 housing units, 952 villas and 2,050 mixed housing units in the third district, Capital Residence while the fifth district, the New Garden City with an area of ​​about 1,000 acres will have 23,000 housing units consisting of residential apartments and villas, in addition to an area of ​​residential towers with mixed use in the lower floors with about 2,000 housing units and two hotels.

Moreover, the Ministry of housing plans to complete the first phase of a water treatment plant, five international schools, a restaurant complex and a mosque, as well as the government district and the investment zone for the New Administrative Capital.

Largest park in the world

Essam al-Gazzar also added that the  Ministry has scheduled to complete the implementation of the central gardens project at the “Capital Park” which is more than than 10 kilometers long and has an area of more than 1,000 acres, making it one of the largest parks around the world.

“The central park of the New Administrative Capital will provide greater opportunity for community interaction between the capital’s residents and other residents in its wider scope, and is park is expected to host more than two million visitors annually,” said Gazzar.

The park will also serve as a catalyst for encouraging a healthy life, in accordance with global rates including environmental value, green spaces, and areas for physical activities and recreation.

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