PM: Foreign real estate ownership is not problematic

Prime Minister Mustafa Madbouly affirmed that foreign ownership of real estate and the export of property constitute significant economic opportunities, contributing to attracting foreign currency and supporting the national economy. He clarified that foreigners own real estate units rather than land, and this approach is widely implemented in many global markets, with an emphasis on balancing investment attraction with maintaining regulatory controls. He also pointed out that expanding the export of real estate helps increase foreign currency inflows and strengthen the real estate development sector.

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