An urgent statement by the “Prime Minister” reveals the waste of 5 billion pounds in urban communities

Representative Alaa Wali, a member of the House of Representatives and a member of the Housing Committee, submitted to Dr. Ali Abdel-Al, Speaker of Parliament, an urgent statement addressed to the Prime Minister and the Minister of Housing, regarding the Urban Communities Authority’s non-commitment to repaying the sections of the loan owed to it by the National Investment Bank. The value of the interest due on this loan, whose value is "ten billion and 589 thousand pounds." Wali said, in a press statement today, Friday, that the interest currently owed is equivalent to more than double the value of the original loan amounting to 5.124 billion pounds, and thus it is a waste of public money. The member of the Housing Committee demanded, in his urgent statement, that those responsible for laxity in such matters be held accountable. the seventh day

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