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Housing Authority Announces New Permit Fees
The Egyptian Ministry of Housing has issued a new decision establishing the average cost per square meter for constructing buildings and facilities. This aims to determine the insurance amount payable when issuing building permits, especially for tourism and industrial projects both inside and outside the designated areas. The decision states that the insurance value should be 10% of the determined average cost. It also requires submitting an insurance certificate prior to permit issuance, in accordance with Law No. 119 of 2008 and its executive regulations. The regulation becomes effective upon its publication in the Official Gazette. The purpose of this decision is to organize construction costs and ensure that the insurance payment is appropriately made before granting building permits for various projects.
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