Mai Abdul Hamid, CEO of . said:Social Housing Fund And to support real estate financing, the Fund is working to take into account environmental standards and the United Nations goals for sustainable development through the establishment of urban and healthy communities characterized by efficient and effective use of resources, noting that the Fund, in cooperation with the World Bank and the Construction and Housing Research Center, launched an initiative “green architectureIn 2020, which aims to build 25,000 housing units approved by the green pyramid classification system for social housing in 4 Egyptian cities (Capital Gardens, New Obour, New Aswan, Hurghada), and 1,000 units were offered during the last period, with the remaining Units are successively completed until completion in 2024.
This came during the participation in a workshop entitled “Green Buildings: Activating the Partnership between the Public and Private Sectors and Development Partners”, under the patronage of Dr. Assem Al-Jazzar, Minister of Housing, Utilities and Urban Communities. Marwa Mahgoub, Senior Expert in Private Sector Development and Coordinating Officer for Market Development Projects in Egypt and the Horn of Africa at the International Finance Corporation.
Mai Abdel Hamid expressed her happiness to participate in the workshop, which comes at an important global time, as the world’s attention is directed to the need to confront climate changes during the coming period, in addition to its proximity to the date of Egypt’s hosting of the World Climate Summit in Sharm El Sheikh next November, explaining that It is no longer possible to talk about development and development without taking into account climate changes, and the need to pay attention to reducing emissions of gases that are harmful to the environment, especially since construction is one of the main contributors to air pollution, as it contributes to about 40% of greenhouse gas emissions.
Mai Abdel Hamid explained that green buildings help reduce energy consumption by 24-50%, reduce carbon emissions by 33-39%, reduce water consumption by up to 40%, and reduce solid waste to 70%. She stressed that the implementation of this initiative will have a long-term impact, as it is the first of its kind in Egypt and the Middle East, which is directed to citizens with low incomes, as the Fund aims to gradually generalize this initiative to all units that are implemented in the future, so that social housing projects become There are environmentally friendly projects in Egypt that take into account the environmental, social and health dimensions.
She added: Although the cost of building housing units in the “green architecture” system is higher than typical housing units, on the short-term level, the Fund looks at this project in a long-term way, especially with the significant positive environmental impacts that it will have. This project in Egypt, explaining that the Fund worked to find solutions to the high cost of building units in the “green architecture” system, by activating partnership and cooperation with local and international bodies, with the aim of working to reduce the final cost for the beneficiary of the housing unit, and an impact study will be conducted The environmental protection of the units that were built using the “green architecture” system, after the completion of the construction of the first thousand units, with the aim of identifying the results of the project and its impact and correcting the least effective steps in preserving the environment. The workers on the sites and the beneficiaries of the units are also trained to explain the mechanisms for implementing the green architecture initiative, whether At the level of building or maintaining the units after receiving them by the citizen.
It is worth noting that the workshop included 3 sessions, where the first session focused on “The Green Pyramid System for Evaluating Green Buildings GPRS – and the EDGE Program issued by the World Bank Group and achieving compatibility between the two systems”, while the second session focused on “Government initiatives, policies and projects for The transition to green building – and the social housing program funded by the International Bank for Reconstruction and Development, and the third session focused on the role of financiers and developers in supporting green construction.