Egypt will allocate 1 billion Egyptian pounds ($130 million) of its annual budget in the 2015-2016 fiscal year to redevelop a number of urban slum areas, the Planning Ministry said in a statement on July 25, 2015.
The amount is part of 6.85 billion pounds ($870 million) in targeted investments for local development programmes.
Another 650 million pounds ($83 million) of the state’s budget for the same fiscal year — which began on 1 July — will be allocated to develop a number of the country’s most impoverished villages.
In January, the ministry of urban renewal and informal settlements launched a project called “Egypt without Slums,” a three-year plan.
The ministry subsequently announced that it will implement the first stage of the project, redeveloping 44 slum areas in Cairo and Giza.
In December 2014, the cabinet announced that it will start developing 78 rural villages that are considered to be the “poorest villages” nationwide.
The redevelopment process will focus on infrastructure elements such as the provision of drinking water, street lighting, cleansing canals, paved roads and establishing schools and hospitals.