Today’s news agency reported that Cairo Governorate in Egypt plans to demolish the sixth district in Nasr City and replace homes with high-rise residential buildings. The local government claims that many of the buildings due to be demolished are already “ruined”. The property owners will be compensated in cash or have apartments to rent to them until the development project is completed. Then they will return to the area. The governorate is likely to set compensation for a 90-square-meter unit at 135,000 pounds (7,500 euros), despite the market value of at least 350,000 (about 20,000 euros).
State structures are already being moved to another location awaiting development. The surgical hospital of the Ministry of Health and Population, for example, and the Nasr City Youth Center of the Ministry of Youth and Sports were transferred. The newspaper source said that the project will be included in the presidential initiative announced by Abdel Fattah El-Sisi on December 28 to provide 100,000 furnished housing units for rent and make them available to the newlyweds. The President of the Republic also discussed the possibility of banning all construction projects for a period of ten years, except for those supervised by the state.
(Photo: Presentation of the new administrative capital under construction on the outskirts of Cairo)
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