🇪🇬EgyptNorth Africa
El-Sisi directs removal of investment obstacles in housing, utilities, and drinking water sectors
via Egypt Today3 min read
President Abdel Fattah El-Sisi met with state officials on April 18, 2026, to address and remove obstacles hindering investments in Egypt's housing, utilities, and drinking water sectors. During the meeting, President El-Sisi reviewed progress on various housing and development initiatives, emphasizing the need for clear timelines for project completion. Discussions included the expansion of housing programs, the status of projects in different governorates, and advancements in the presidential "Housing for All Egyptians" initiative. The meeting also covered developments in middle- and upper-middle-income housing programs, aiming for 220,000 units, and luxury housing programs targeting 130,000 units. Minister of Housing, Utilities, and Urban Communities Randa El Menshawy reported on the launch of the first phase of a private sector participation program for low-income housing, which will include 17,000 units in eight new cities. She also provided updates on the rental unit program, which aims to provide 10,000 units in its initial phase, and efforts related to alternative housing under the old rent law. The "Decent Life" Haya Karima initiative was also discussed, with President El-Sisi stressing the completion of its first phase this year and prioritizing wastewater treatment plants in the second phase. Other topics included the Al-Fustat Park project, developments along the North Coast and Red Sea, and progress in New Alamein City, including the International Conference and
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This summary was AI-generated from a story originally published by Egypt Today.
The Suez Canal Economic Zone SCZone has seen its revenues more than triple, rising from LE 2.8 billion in FY2016/2017 to LE 11.6 billion in FY2024/2025. This growth is attributed to the inauguration of several major projects since the beginning of 2026, positioning the SCZone as a significant industrial and logistics hub. Key projects include Camstone for Advanced Industries, a $8 million investment for SPC flooring production, and the expansion of Kadmar International’s logistics center with a $24 million investment. Other new facilities are the Modern Hygienic factory for sanitary products, a $100 million investment, and Go Steel’s steel pipe manufacturing plant, a $45 million investment. In renewable energy, Elite Solar Suez Technology and Elite Solar Green Energy, part of the Elite Solar complex, launched with investments of $40 million and $76 million respectively, contributing 2 GW and 3 GW of production capacity. SCZone ports have also achieved milestones, with Sokhna Port receiving a Guinness World Records certificate for its deep man-made basin, and East Port Said Port ranking third globally in the World Bank’s 2024 Container Port Performance Index. Industrial zones within the SCZone have attracted substantial investments: Sokhna Industrial Zone with $33.1 billion across 547 projects, West Qantara Industrial Zone with $1.5 billion across 52 projects, and East Port Said Integrated Industrial Zone with $367 million across 7 projects. The first phase of Technology Valle
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