Cairo: Egypt’s Minister of Housing, Utilities, and Urban Communities, Sherif El-Sherbiny, met with Housing and Development Bank (HDB) Chairman Hassan Ghanem to discuss ongoing and future cooperation between the ministry and the bank, as revealed in a ministry statement on Tuesday. During the meeting, Minister El-Sherbiny outlined the ministry’s vision for upcoming housing projects, stressing the need for thorough planning in case the HDB is involved in launching state-owned residential developments. He emphasized addressing past challenges to ensure a seamless reservation process, ultimately strengthening public confidence in the ministry’s housing initiatives.

According to State Information Service Egypt, Ghanem commended the ministry’s ambitious plan to launch 400,000 new housing units and presented HDB’s strategy to support the New Urban Communities Authority (NUCA) – its largest shareholder and key client. He highlighted the bank’s ongoing efforts to expand customer services, introduce diverse housing and real estate options, and upgrade its infrastructure to better manage large-scale housing projects.

The discussions also covered preparations for managing major housing offerings, including expanding HDB’s branch network to facilitate transactions, upgrading call centre operations to improve customer support, and providing flexible payment solutions to accommodate different income levels.