File - People walk in front of a wall surrounded by blocks of houses that were built illegally and destroyed by the government, behind the Supreme Constitutional Court in Maadi, south of Cairo, April 25, 2014. REUTERS/Amr Abdallah Dalsh
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Egypt plans to offer cheap loans for completing apartments in unfinished buildings thrown up illegally across its cities, hoping to tackle a housing crisis that has helped to topple two presidents since 2011 .Housing Minister Mustafa Madbouly said the Cabinet had approved the project designed to help Egyptians who built or bought bare apartments in the unplanned buildings but can't afford to finish them, many living in the empty shells.Madbouly arguably has Egypt's toughest job.Madbouly said informal settlements make up between 40 and 50 percent of urban area.The government has also announced plans to build 1 million houses for middle income Egyptians in a project worth 280 billion Egyptian pounds, one of the biggest in the region, with the help of United Arab Emirates-based Arabtec Holding.
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