Egypt to build 200,000 rental homes as Sisi moves to revive rental housing
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President Abdel Fattah El-Sisi has directed the government and the Tahya Misr Fund to build 200,000 rental housing units at a shared cost, as Egypt moves to restore rental housing alongside its homeownership schemes.
Egypt will build 200,000 rental housing units, with the government and the Tahya Misr Fund splitting the cost equally, President Abdel Fattah El-Sisi said during a session on urban development at Egypt Forum 2026.
The announcement came as the presidency reviewed progress that includes 61 new cities, upgrades to major cities and governorate capitals across 13 governorates, and housing schemes that have delivered or are delivering 1.96 million new housing units, alongside 522 drinking water projects and ongoing sanitation and rural development work.
El-Sisi linked the rental plan to the country's old rent law, saying its purpose was to encourage home ownership while bringing rental housing back as a genuine option. He argued that the previous policy approach had contributed to a serious crisis of informal and unplanned housing, partly because the state cannot replace the private sector and civil society in meeting housing demand.
He also said Egypt's concentration of population on roughly 7 percent of its territory had created social, security, cultural and investment challenges, and that the absence of integrated urban planning had contributed to the spread of informal settlements around Cairo and to inadequate transport services.
The president called on the government to work with Talaat Moustafa Group on the proposed 200,000 rental units, and said all projects under the Decent Life initiative must be completed by 2030 at the latest.