During a meeting this morning with the Housing, Public Utilities, and Urban Development Committee of the Egyptian Parliament, Engineer Sherif El-Sharbeni, Minister of Housing, Utilities, and Urban Communities, highlighted the ministry’s ongoing efforts to streamline investment opportunities across new cities. These efforts are implemented by the New Urban Communities Authority (NUCA), which employs clear regulations and mechanisms to facilitate the availability of diverse real estate products and integrated services for residents in these cities.
Minister El-Sharbeni emphasized that the ministry is focused on improving the procedures for offering lands and investment opportunities, ensuring fairness and transparency. One of the main objectives is to make various types of land and housing units available to citizens, particularly by increasing their availability in new cities, thereby boosting urban development and increasing occupancy rates.
Furthermore, the Minister underscored the importance of the government’s initiative, “Housing for All Egyptians,” which prioritizes ensuring that the right individuals receive the housing units designated for them. This initiative is part of the broader objective to support sustainable development and accelerate urban growth in new cities.
In conclusion, the Ministry of Housing continues to be proactive in offering investment opportunities and developing urban infrastructure that meets the needs of both investors and citizens. The commitment to transparency, effective planning, and sustainable urban development remains at the core of Egypt’s long-term urbanization goals.
