REDC hails El Sisi's initiative allocating USD500mln to Gaza Strip

Egypt's Real Estate Development Chamber said that it fully supports President Abd El Fattah El Sisi's initiative allocating USD500mln for the reconstruction of Gaza Strip.

REDC also conveyed its readiness to extend all forms of technical support required from the real estate developers.

"This attitude by REDC reflects its complete adherence to serve any national cause by means of backing  our Palestinian brethrens amidst their current predicament," said head of REDC at Federation of Egyptian Industries Eng. Tarek Shoukri.

The Egyptian developers and contractors have superb expertise in rebuilding and reconstruction works along with skillful technicians, he noted. "That's exactly what is needed to handle this crisis and repair the damage inflicted by the occupation forces. Egypt will intervene to rebuild the collapsed infrastructure."

 President El Sisi's initiative and  the Egyptian private sector's readiness to support our Palestinian brethrens in their current quandary  are an example that ought to be followed by all Arab countries in their quest for integration while  standing united in the face of threats posed by their foes," he continued.

Egypt acquired top-notch expertise while going ahead in rebuilding Libya and Iraq using the Egyptian labors, paving the way for funneling considerable investments by the Egyptian companies later on into these two countries, he explained.

Every Egyptian feels proud of the initiative launched by Mr. President, as the Egyptians, whatever their occupations, are ready to support the Palestinian brethrens in their current plight, he affirmed.