National & World News

Feb 6, 8:06 AM EST

Egypt's el-Sissi directs $127.7 million for housing units

Latest News
4,300-year-old pyramid discovered in Egypt
Women join fight against female circumcision
Cheap electronics threaten Egyptian repairmen
Italy demands answers as student's body flown in from Cairo

Egypt arrests 3 for selling stones from Giza Pyramids

Egypt's el-Sissi directs $127.7 million for housing units

Body of Italian student found in Cairo flown back to Italy

Italy urges Egypt to investigate fate of Italian student

Buy AP Photo Reprints

CAIRO (AP) -- Egypt's state-run news agency says President Abdel-Fattah el-Sissi has ordered that one billion Egyptian pounds ($127 million dollars) worth of funds donated by government supporters be used to build 100,000 housing units.

MENA said Saturday the financing would come from Tahya Misr, a fund launched by el-Sissi in 2014 to collect donations in order to support the Egyptian economy.

Since overthrowing an elected Islamist leader in 2013, el-Sissi has vowed to revive an economy battered by years of turmoil. Egypt's outlook has grown bleaker in recent months, however, as Gulf aid has dried up and militant attacks have dealt a further blow to tourism and foreign investment.

© 2016 The Associated Press. All rights reserved. This material may not be published, broadcast, rewritten or redistributed. Learn more about our Privacy Policy and Terms of Use.