Egypt’s urban expansion plan targets to reach 12% of the country’s area as well as the development of all cities, Khaled Abbas, deputy minister of housing for national projects, said. During a Seminar organised by the Egyptian Businessmen’s Association (EBA) on Wednesday, Abbas added that there is a high demand for development projects in New Cairo, however the Upper Egypt cities have not yet considered by investors. “We have wonderful cities in Upper Egypt, such as New Aswan, which was equipped with all required services. Moreover, we do not negotiate over the price of land in Upper Egypt, because the infrastructure’s costs are high.”“In all new cities, the government targets all social segments unlike the past. The Housing Ministry also offers excellent residential projects for low, middle, and upper middle-income segments,” Abbas elaborated.

Source: Daily News Egypt February 14, 2019 20:15 UTC