The government is modifying the terms of “social housing” and offering 125,000 units for low and middle income groups.

The Council of Ministers approved the request of the Ministry of Housing, Public Services and Urban Communities to modify the conditions of the social housing program for low and middle-income people, and in light of this, the Council agreed to announce the launch of 100,000 homes for people from low-income with areas of 75 square meters and 90 square meters according to actual demand, and 25 thousand homes for middle-income people with areas of 100, 110 and 120 square meters, in light of the guidelines of President Abdel Fattah Al-Sisi to build 250,000 social housing, as part of the economic measures taken by the state.

The Council of Ministers approved the President’s draft decision to reallocate two areas of privately state-owned land, in the Arab Abu Saed sub-district of the Al-Saff Center in Giza governorate, in light of the trend to establish an industrial zone in the Arab Abu Saed area in the governorate.

The Council of Ministers approved the draft decision of the President of the Republic on the allocation of a land of private state property, in the district of the Governorate of Beni Suef, with an area of ​​approximately 16.92 feddans, equivalent to 71101.43 square meters, on the eastern Beni Suef / Minya highway, for the benefit of the Ministry of Petroleum. And mineral wealth; To be used in the installation of a natural gas compressor station to increase efficiency and increase the pressure of the network in the province.

The Council of Ministers approved, in principle, the draft decision of the Prime Minister on the issuance of the executive regulation of Law No. 149 of 2019 on the organization of the practice of private work, provided that a consensus is reached between the relevant ministries in some of the points. Finally approve the list at the next meeting.

Within the framework of the government’s desire for the integral development of all its entities and interests, including the interests of the public purse and minting; To keep up with the new work environment, in line with the general orientation of the State towards administrative reform, especially with the homogeneity and integration of specializations, the Council of Ministers approved a draft decision of the Prime Minister, which stipulates in its first article that “the interests of the public treasury and the minting are combined in an interest called The Public Finance and Currency Authority, and the Public Finance and Currency Authority substitute the interests of the Public Finance and Currency where they are mentioned in the applicable regulations and decisions .

The organizational structure necessary to carry out the merger, provided for in article 1 of this decision, will be dictated by decision of the Minister of Finance, prior opinion of the Central Organization and Administration Organism, and the subsequent work schedules will be approved by decision of President of the Central Agency for Organization and Administration, in accordance with the provisions of the Public Function Law promulgated by Law No. 81 of 2016.

Cabinet also finally approved the initiative of the Arab Fund for Economic and Social Development to postpone the payment of installments and interest owed on loans granted to Egypt, for a period of one year, from July 1, 2020 until July 30. June 2021; As a contribution to the mitigation of the economic and financial impacts derived from the spread of the emerging virus “Corona”.

The Council of Ministers approved Damietta’s request to increase its participation in the Damietta Furniture Company, as the third and last tranche, by 50.41 million pounds, so that the government can pay its obligations in the capital of the company . The Council was also recommended to accept the request of several citizens to pay the debts of some Parcels of land previously sold to them by public auction in the city of Ras El-Bar and withdrawn from them for non-payment of the debt; And in the context of legalizing their status.