24 Hrs
Source:
المصري اليوم
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Expert Discusses President's Contract Goals
Expert Walid Gabballa confirmed that President Abdel Fattah El-Sisi's directive to review real estate developer contracts aims to protect citizens' rights and ensure developers fulfill their commitments, especially regarding project handover timings and the implementation of infrastructure and utilities. He emphasizes the need to correct the situation of non-compliant developers and to enforce the law more effectively, along with expediting legal procedures to safeguard buyers' rights and support confidence in the Egyptian real estate market, which remains strong despite some limited violations. These measures seek to enhance the sector's attractiveness, preserve market reputation, and achieve investment stability, all while ensuring developers adhere to their commitments to foster economic growth and create job opportunities.
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