Egypt Prime Minister updates on foreign property rules

Egyptian Prime Minister Mostafa Madbouly issued a decision authorizing Minister of Justice, Mahmoud Mohamed Helmy Ahmed El-Shazly, to exercise the powers related to regulating the ownership of non-Egyptians of built-up properties and vacant lands in Egypt. This includes implementing administrative procedures related to the application of Law No. 230 of 1996 concerning the regulation of foreign ownership of real estate and lands. The decision aims to organize foreigners' property acquisitions in the country in accordance with the specified legal procedures.

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