Egypt’s Al-Seesi Pledges to Build 1 Million Homes as Vote Looms
This article is for subscribers only.
Abdel-Fattah al-Seesi, the Egyptian defense minister who has signaled he may seek the presidency, started a campaign to build one million housing units.
The project will have a total value of $40 billion, according to a statement yesterday by United Arab Emirates-based Arabtec Holding Co., which will build the homes with Egypt’s armed forces over five years. It will focus on Egyptians with “limited income,” according to statements posted yesterday on the official Facebook page of military spokesman Ahmed Mohamed Ali.