5 September 2013

Egypt: L.e. 300 Million for Conveying Risky Slums Residents

The government has appropriated L.E. 300 million as a first batch for developing a number of risky slums.

Minister of Local Development Adel Labib said the decision comes within the framework of the government keenness to achieve social justice, adding top priority would be given to certain slums such as Ancient Manyal, Arab al-Maadi, Ezzbet el-Nasr, Abu Hashish, and Bashteel.

Meantime, Minister of Planning Ashraf el-Arabi will shortly announce the new amendment of the Suez Canal province development project in its final form with the aim of eliminating distortions made by the former government in the project.

He said the new amendments aim at satisfying the conditions of national security and help attract investments to the mega project.

Experts and observers have called for giving concessions to investors in land whose ownership will not be transferred to anybody with the aim of securing the success of the project.

Ads by Google

Copyright © 2013 Egypt State Information Service. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica publishes around 2,000 reports a day from more than 130 news organizations and over 200 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.