Gov’t allocates extra EGP 500 mn for informal housing development

The Planning Ministry approved allocating an extra EGP 500 mn for the Housing Ministry’s fund for informal housing development for FY 2016-17, Al Masry Al Youm reports. Funding will go to Cairo, Gharbiya, Alexandria, and Port Said. 65% of the money will be spent on Al Asmarat neighborhood in Moqattam.