Egypt’s urban development authority has allocated a land parcel in New Cairo’s 6th Settlement to the Social Housing & Mortgage Finance Fund for establishing a fully integrated housing and community project. The agreement reflects government efforts to accelerate residential and urban development projects, aiming to deliver planned, service-equipped communities. The move is part of a broader strategy to expand affordable and social housing supply, aligning with the state’s vision for sustainable urban growth and improved living standards. The allocation is expected to benefit middle- and low-income citizens by increasing the availability of quality housing in a rapidly growing area.
