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EGP 11.9 Billion Allocated to Support Subsidised Social Housing
The allocation is part of the Egyptian state’s draft budget, which was released for the new 2024/2025 fiscal year.
May 13, 2024
The draft state budget for the 2024/2025 fiscal year has allocated around EGP 11.9 billion in efforts to strengthen its social housing projects, with a broader plan to construct around 330 000 new social housing units.
Further information from the draft budget indicates a focus on the country’s macroeconomic stability by developing and strengthening its production industries’ abilities, including the agricultural sector, industrial sector and export trade.
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