Egypt plans to build 14 new cities to solve housing issues

Posted on October 6, 2023   |  

Egypt has built 24 cities to house 32 million people in the past 35 years and is currently preparing to construct 14 additional towns to address ongoing housing shortages.

A total investment of $42 billion was poured into these projects, along with an extra $22.5 billion for urban development.

In the last 9 years, construction efforts gained momentum, leading to the creation of 1.6 million housing units, with an average of 167,000 homes annually.