Prime Minister Mostafa Madbouly witnessed, on Tuesday, October 27, 2026, at the government headquarters in the New Capital, the signing of partnership agreements between the New Urban Communities Authority, the Social Housing and Real Estate Finance Support Fund, and 17 private-sector real estate developers to build about 20,000 housing units for low-income citizens under the presidential initiative “Housing for All Egyptians.”
The first-phase units will be built on about 400 feddans in eight new cities, including Hadayek October, New Obour, Hadayek El-Asema, 10th of Ramadan and Sadat City, and each unit is 90 square meters and fully finished. Beneficiaries get mortgage financing at a declining 8% rate for up to 20 years, and cash support of up to 180,000 EGP ($3,726.71) per unit depending on income level, with a contribution from the World Bank.
The partnership is based on allocating 80% of each project to affordable units for eligible citizens, priced and regulated by the Social Housing Fund, and 20% to commercial units or activities that the developer builds and sells at market prices, with land allocated to developers at preferential prices. Mai Abdel Hamid, CEO of the fund, said 104 developers submitted 137 applications for 17 land plots, and described the project as “a first pilot phase of a new model of partnership with the private sector.”
Deputy Housing Minister Walid Abbas said the ministry is preparing a second phase of 100,000 units. Cabinet spokesman Mohamed Adel said the government aims to provide about 1 million housing units at various levels over the next four years. Since 2014, 1.8 million units have been built under the social housing program, 1.1 million of them allocated to low-income citizens.
Photo: Abdelrhman 1990 via Wikimedia Commons (CC BY-SA 4.0)
