Monday 18 February 2019

Egypt to spend $37.6m on Red Sea projects

CAIRO, September 18, 2016

Egyptian government has earmarked E£330 million ($37.6 million) for the redevelopment of slums in the Red Sea cities, said a report.

The development scheme will include Ras Gharib, Hurghada, Safaga, and Al-Qusayr cities, reported Amwal Alghad.

Around 250 homes will be built in Rawada district in Hurghada besides 30 new buildings as well as 174 homes and three buildings in Safaga, stated the report citing the Minister of Housing Moustafa Madbouly.

Also 36 housing units will be constructed along with two new buildings in Al Qusayr city, it added.

Tags: Egypt | Red Sea | development projects |

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