Egypt invests EGP 100bn in upgrading informal areas

Assistant Minister of Housing Abdel Khalek Ibrahim said Egypt’s national strategic plan divides the country into 15 economic regions, with the Northwestern Coast and East Egypt identified as major future growth hubs. He highlighted the strategic importance of the New Capital and New Alamein City, along with flagship projects such as the Central Business District and the Green River.

Ibrahim noted that the establishment of new and fourth-generation cities has significantly improved population distribution, with East Cairo’s absorption capacity rising by 220% and West Cairo’s by 180%.

Speaking on the sidelines of the Arab Architects Awards Festival 2025, he said the state has invested EGP 100bn to upgrade informal settlements and has eased the burden on citizens by covering 40% of housing unit costs. He added that an additional EGP 90bn has been allocated for the redevelopment of Historic Cairo.

He also reported growing tourism investment demand around the Giza Pyramids area following the opening of the Grand Egyptian Museum, and identified the Northwestern Coast as one of Egypt’s most promising regions for agriculture, industry and tourism.

Egypt, represented by the Engineers Syndicate and the Architecture Division, hosted the Arab Architects Awards Festival 2025 from 24 to 26 November, concluding with an awards ceremony on Wednesday evening.