The Egyptian government has approved the allocation of 68 residential buildings to eligible citizens for cooperative housing in a project comprising 111 buildings in the Mohamed Mehrain area of Port Said. This decision was made during a cabinet meeting, as reported by Al-Masry Al-Youm on October 7, 2026. The project aims to provide affordable housing to citizens who have been waiting for social housing projects that were previously launched in the governorate in 2013.
The cabinet's decision was based on a proposal from the Social Housing and Real Estate Finance Support Fund, which outlined the rules for the allocation of the remaining units in the project. The rules state that applicants must have a monthly income of no more than 15,000 pounds for individuals and 19,000 pounds for families. Additionally, eligible citizens who have previously applied for social housing projects will be given priority in the allocation of the remaining units, with 43 buildings available for allocation.
The Port Said governorate has played a significant role in supporting this project, with the governorate bearing the cost of 400 million pounds for the construction of utilities and infrastructure for the project. This move is expected to make the housing units more affordable for eligible citizens. The governorate's efforts aim to provide housing units at reasonable prices, in line with the government's goal of addressing the housing needs of its citizens.
The allocation of the 68 residential buildings is part of a larger project that includes 111 buildings in the Mohamed Mehrain area of Port Said. The project is expected to provide much-needed housing for citizens who have been waiting for social housing projects. The Egyptian government has been working to address the housing needs of its citizens, particularly in areas where demand is high.
The Social Housing and Real Estate Finance Support Fund has been working to provide affordable housing to eligible citizens. The fund's proposal was approved by the cabinet, paving the way for the allocation of the housing units. The fund's efforts aim to provide housing units to those who need them most, in line with the government's goal of promoting social justice.
The Port Said governorate has been working to improve the living conditions of its citizens. The allocation of the 68 residential buildings is part of a broader effort to address the housing needs of the governorate. The governorate's efforts aim to provide a better quality of life for its citizens, particularly those who have been waiting for social housing projects.
The Egyptian government's approval of the allocation of the 68 residential buildings is a significant step towards addressing the housing needs of its citizens. The project is expected to provide much-needed housing for citizens who have been waiting for social housing projects. The government's efforts aim to promote social justice and provide affordable housing to eligible citizens.
Key points
- The Egyptian government has approved the allocation of 68 residential buildings for cooperative housing in Port Said.
- The project aims to provide affordable housing to citizens who have been waiting for social housing projects.
- The Port Said governorate has borne the cost of 400 million pounds for the construction of utilities and infrastructure for the project.
