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FINANCIAL NEWS
Egypt to issue USD37.6m on Red Sea projects
19 Sep 2016
(MENAFN) Egyptian Gov’t earmarked USD37.6mn for the redevelopment of slums in the Red Sea cities.Furthermore, the development scheme will involve Ras Gharib, Hurghada, Safaga and Al-Qusayr cities.Additionally, almost 250 homes will be constructed in Rawada district in Hurghada besides 30 new buildings and 174 homes in Safaga.Also 36 housing units will be built along with two new buildings in Al Qusayr city.
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