The Ministry of Housing, represented by the New Urban Communities Authority (NUCA), has requested that construction companies take over the building of 60,000 proposed housing units.
The construction of the houses forms part of the social housing project, the “one million residential units “, according to the ministry’s statement Sunday.
The units will be implemented in eight new cities, and the actual implementation will start in the next fiscal year 2015/2016.
NUCA Vice-President Kamal Fahmi said 10,000 units will be built in 6th of October City, for the benefit of Giza citizens.
Fahmi added that another 13,000 units of the project have been completed by the armed forces through a UAE grant in 6th of October City. These will be proposed for reservation during the next month.
Fahmi noted that 50,000 housing units will be proposed in the 10th of Ramadan City in Sharqeya governorate, 15th of May City in Cairo governorate, New Damietta in Damietta governorate and Upper Egyptian cities.
“In Upper Egypt cities, housing units will be proposed with an area of 70 metres, two rooms and a hall, according to the desire of governors, and will be fully finished and provided with all facilities,” Fami said. “NUCA is moving ahead with the implementation of the one million residential unit project to meet all the low-income citizens’ needs.”
Fahmi said proposing small units of space, which will have space for two rooms instead of three, is to reduce the unit’s price on the citizens, which will help reduce monthly payments.
He concluded that models will be implemented to make use of the small spaces.
The one million residential units project is set to provide new housing units to be constructed within five years. The project will be carried out with investments of up to $40bn, and using 160m square metres. The project is being carried out in cooperation with the Emirati construction firm, Arabtec LLC, one of the largest construction companies in the GCC, and the Ministry of Housing, represented by NUCA.