03:27 PM
Monday, February 13, 2023
Books – Mahmoud Mustafa Abu Talib:
President El-Sisi revealed the sources of financing the new administrative capital, during his participation in the World Government Summit in Abu Dhabi, today, Monday.
President El-Sisi said: “The government’s budget cannot bear the construction of new cities, and today if you calculated the meter of land in the capital at 100 pounds, the whole area would be 70 billion, and if you calculated it at 1000, it would remain 700 billion, and if you calculated the square meter at 10 thousand, it would be 7 trillion. The idea is how to convert the square meter from 100.” One pound per meter is 10,000 pounds, and you have a population growth, and there is a demand, and every year 700 to 800,000 young men and women marry each year. I mean, you are talking about a number of housing units far from the countryside, about 400,000 or 500,000 apartments annually. Ok, work them out in crowded Cairo. Not in crowded Alexandria? Not in any governorate, and not outside? And when I got outside, we were through the land that was re-priced with the idea that it became the capital, so the real estate developer wanted to enter, and I worked as a strategic developer in the 24 cities with the money of this land.
And about how to build a person, President El-Sisi said: “There is a challenge to the quality of education and health, with job opportunities all of which occur in human development, and the person we are talking about is produced after carrying out a very large program, and I do not come to work on a new educational path or an advanced educational path, the results of which will come after 14 years.” After its launch, through a long-term plan.”
