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Egyptian Army Chief Announces Big Housing Project

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March 9, 2014

The head of Egypt's military has announced a plan to build 1 million homes, in what is widely seen to be part of an expected presidential campaign.

Field Marshal Abdel-Fattah el-Sisi, the person most responsible for the ouster of former President Mohamed Morsi in July 2013, is widely expected to announce his candidacy for the Egyptian presidency. According to a timetable set out in conjunction with the new constitution, elections are to take place in April, with parliamentary elections to follow.

The housing initiative earmarks $40 billion for the construction of the homes, to be built by a large business from the United Arab Emirates. At a ceremony announcing the housing plan, the government also announced a vow from the UAE to forward to Egypt three months' worth of oil products.

Sisi is also reported to have put together a large package of aid from the UAE and from Kuwait and Saudi Arabia.

Although Sisi is expected to be the most popular candidate in the race, he would have competition. Already announced as a candidate is Hamdeen Sabahi, who finished third in the voting in 2012, behind Morsi and Ahmed Shafiq. Shafiq has said that the he will run if Sisi does not. Interim President Adly Mansour has publicly declined to run.

 

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