Housing: Launching a project to prepare a plan for investment and sustainable asset management with the European Bank in one of the new cities

Dr. Walid Abbas, Vice President of the New Urban Communities Authority for the Planning and Projects Sector – Supervisor of the Office of the Minister of Housing, stated that a project to prepare a plan for investment and sustainable asset management in one of the new cities was launched, in cooperation with the European Bank for Reconstruction and Development, explaining that a working group was formed under Under its supervision, it includes members from various sectors of the Authority, and local and international consulting offices participating in the project.

The supervisor of the Office of the Minister of Housing explained that this project is funded by the European Bank for Reconstruction and Development, which will provide technical support to the Authority in preparing the investment plan for the city that will be chosen, and developing a strategic plan that can be updated annually for the Authority’s future projects in that city, over a period of 30 years divided. To 5-year tactical plans, develop and improve the quality of the asset management and maintenance plan (for the target city) focusing on a comprehensive long-term approach to preserving its assets and ensuring effective allocation of maintenance resources.

In the same context, the working group for the project held its first meeting, headed by Dr. Samar Khalil, Director General of the Planning and Projects Sector at the New Urban Communities Authority, where the work plan and its various stages were discussed, and the methodology that will be followed to choose one of the new cities to apply the study to (it will be chosen). Within two weeks), and then begin developing a plan to invest in the city, in parallel with developing a plan to manage its sustainable assets.