Saturday 5 December 2020

Egypt allocates $5.8bn to develop new cities infrastructure

CAIRO, 15 days ago

Egypt has earmarked nearly E£90 billion ($5.8 billion) to develop the infrastructure of the fourth generation cities, reported Arab Finance, citing senior sources. 
Of this, the Sisi government has set aside E£57 billion to carry out electricity, roads, water and wastewater, and housing projects across 21 existing urban cities in Egypt, the report stated.
The New Urban Communities Authority announced last September a six-month grace period for the payment related to land plots in the fourth generation spots nationwide, it added.


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