Housing min. directs to secure permanent sources of finance for new cities

Newly-appointed Housing Minister Essam el Gazzar directed leaders of the new urban communities to secure permanent sources of finance for new cities and be prompt in solving problems facing investors.

This came at a meeting with leaders of the New Urban Communities Authority (NUCA), according to a statement by the Housing Ministry on Thursday.

During the meeting, the minister stressed the importance of prioritizing work in different projects in new cities to speed the pace of work in implementing ongoing housing, service and development projects.

The minister gave directives to secure the necessary funding to build new cities and maximize revenues from ongoing and accomplished projects.

Gazzar also called for promptly solving problems facing investors to achieve the desired goals of the projects that are being implemented and secure new jobs in new cities.

Source: State Information Service Egypt