Home Real Estate Egypt will invite bidders to develop 40 life-endangered slums in FY 2016/2017

Egypt will invite bidders to develop 40 life-endangered slums in FY 2016/2017

by aya salah

Egypt’s Informal Settlements Development Fund (ISDF) is set to put out developing 40 risky slums to tender for the first time during the fiscal year of 2016/2017, an official said Thursday.

Ahmed Darwish, Deputy Minister of Egyptian Housing for Urban Renewal and Informal Settlements, said that 12 slums are located at Cairo, 6 at Giza, 5 at Beni Suef, 2 at Damietta, Sohag and Minya governorates. There is also one slum situated at Asyut, Suez, North Sinai, Qena, Luxor,  New Valley, Gharbia, Kafr el-Sheikh, Matrouh, Al Sharqiya, and Qalyubia governorates.

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