Investments in New Damietta City hit EGP 7.2 billion, Egypt's PM

Prime Minister Moustafa Madbouli said that the total investments in New Damietta city reached 7.2 billion pounds.

As per the current fiscal year plan, the volume of investments in the city is estimated at 1.4 billion pounds, Madbouli said.

Nearly 984 distinguished housing units were finalized and will be poured onto market soon, according to a statement by the Housing Ministry on Tuesday.

Within the framework of "Sakan Misr" project, 3,840 housing units will be implemented in New Damietta city, he said, noting that 70% of the project was completed.

Chairman of the New Damietta City Development Authority eng. Mohamed Ragab said that as for railway projects, 12 squares were upgraded in the city.

He added that his authority also provided utilities to 359 plots of land as part of "Beit El Watan" housing project for Egyptian expatriates.