Egypt to construct over one million residential housing units
London, April 30, 2019 (AltAfrica)-The Arab Republic of Egypt through the states Ministry of Housing, has begun working on a programme that will lead to the construction of more than 1.1 million residential units over the next five years
This is to cater for the simultaneously growing population and demand for affordable housing in the country.
With its population growing at a rate of roughly 2% a year, Egypt currently has a population of 100,816,867 people and 38.7% of them (39,172,736 people) are in the urban centers causing an urbanization crisis in the country due to lack of low-income and social housing availability across the nation.
Urban communities is one of the key drivers to economic growth
Speaking at the LafargeHolcim Forum for Sustainable Construction, a recent forum hosted by LafargeHolcim Group at the American University in Cairo (AUC), the deputy Minister of Housing Mr. Khaled Abbas said that establishment of new urban communities is one of the key drivers to economic growth in Egypt, and building sustainably is a main concern in the country’s Vision for 2030.
“In order to know which the best way to head is, we will be waiting for the recommendations of the LafargeHolcim Forum so as to learn from their output,” said Abbas.
Climate change, population growth and migration a shared concern
“The encounters we are facing nowadays are global issues. Matters like climate change, population growth, and migration became a shared concern which impact our lives.” said Roland Kohler, chairperson of LafargeHolcim Foundation for Sustainable Construction speaking to over 1,500 guests from Egypt and 52 other countries present at the Forum including Swiss ambassador in Cairo and Lafarge Egypt CEO.
Abbas expressed his gratefulness saying that the organization of international forums reflects the appreciation of the international community towards the Egyptian government’s efforts in establishing mega construction projects. CRO