Plans to rid Egypt of its slums.
Since President Abdel Fatah el-Sisi came to office in June 2014, the eradication of informal settlements has officially been a top policy priority. More than 20 billion Egyptian pounds (1.2 billion dollars) has been allocated to the development and demolition of 351 slum areas since 2014. In February, Sisi pledged to rid the country of its slums by 2030. However, concerns have been raised about the lack of consultation with the communities affected.
The slum redevelopment plans will drive growth in investment in the real estate and construction sectors.
Public spending will increase from subsidised provision of electricity, water and sewerage services.
The government will boost revenues by selling repossessed land to the private sector.
Lack of consultation with residents over relocation will drive resentment among many of the poorest segments of society.
