Head of the Executive Committee of Tahya Misr Fund: “We are acting based on the President’s directives to support the development of hazardous unofficial areas.”
Ashmawy: “We are acting according to a plan to complete the development of slum areas in 2018.”
On 10 August 2017, the Minister of Investment and International Cooperation Dr. Sahar Nasr, Head of the Executive Committee of Tahya Misr Fund Dr. Ali Gomaa and the Fund’s CEO Mr. Mohamed Eshmawy paid a visit to El-Aasal area. The visit falls under the Unofficial Areas Development Project funded by Tahya Misr Fund with EGP 91 million to be implemented over three phases. Deputy Governor of Cairo (Western District) Major General Mohamed Ayman, and Head of Shobra Misr District General Mohamed Fouad were present.
The officials inspected the development works in the area, which is one of the oldest slum areas in Cairo and Shubra Misr for whichTahya Misr Fund had signed a cooperation agreement with Cairo Governorate in order to develop El-Aasal area. The first two phases of the 3-phase project were finalized, while the development works for the third phase were adopted for the renovation of houses, and for developing El-Aasal old market in its same place to provide youth with regular job opportunities, as the market can contain over 60 vendors from among El-Assal’s residents. The third phase also covers the development of water & wastewater, electricity, re-planning of streets and buildings, raising the technical efficiency and improving the maintenance of buildings that contain cracks, as well as paving and lightening internal roads.
The Arab Contractors Company, in charge of implementation, gave an overview to the visitors of the ongoing development works of the third phase, which are expected to be completed by October. The works include 79 buildings and connecting sewerage systems to them, besides developing El-Aasal market into Tahya Misr market. The cost of the third phase is EGP 62 million, targeting 700 families. At the end of the visit, Dr. Nasr, Dr. Gomaa and Mr. Ashmawy handed over 37 buildings to the citizens.
The Minister reiterated that Tahya Misr Fund was working according to President el-Sisi’s directives, to support hazardous unofficial areas and to improve their standards of living, falling under the speedy plan to address social dimensions for the residents of these areas.
Mr. Ashmawy stated that Tahya Misr Fund would continue to support the development of unofficial areas in different governorates in order to provide their residents with secure living conditions, noting that the Fund was on track to finalize the development plan of unofficial areas by mid- 2018, noting that development included all types of services, including schools and play areas for children.
On his part, Dr. Gomaa noted that development of humans could not be achieved without collaboration among all sides, including the government, private sector and the civil society.