Egypt to float tenders for 50,000 residential units
Egyptian housing minister, Mostafa Madbouly has announced the New Urban Communities Authorities is working on the tenders for the implementation of over 50,000 new residential units, Daily News Egypt has reported. The residential units are to be constructed in 15 different cities and governorates across the country. Over 6,000 units will be built in 10th of Ramadan City, while around 5,000 units will be constructed in 15th of May City. Residential units will also be built in other cities, including New Beni Seuf, New Assiut, New Sohag, New Aswan, Al-Sadat and Badr, said the minister.