Seddik added that the fund aims to expand its business
volume to EGP 1 trillion by 2030 through an extensive development plan currently
underway. He emphasized that the fund is responsible for managing existing
cities and eliminating unsafe areas, followed by developing Egypt’s historic
districts, some of which had fallen into poor condition.
He highlighted the fund’s role in transforming Fustat Park,
previously a neglected area, into the largest park in the Middle East, with
investments of EGP 13 billion, covering 500 acres. He also noted that the fund
has completed 100,000 housing units as part of a broader plan to build 500,000
units.
Seddik continued that the fund is mapping out lands along
the Nile suitable for investment with private partners. He emphasized that the
fund offers significant investment opportunities and extensive expertise that
can be shared internationally, noting that some foreign entities visit Egypt
specifically to study the fund’s urban development experience.