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Source:
الوطن
Businessmen: Fair developer contracts
The article focused on the importance of reviewing real estate developers' contracts to achieve a fair balance between the rights of the state, the developer, and the client, based on the directives of President Abdel Fattah el-Sisi. Engineer Daker Abdel Lahi explained that this review aims to establish clear and flexible mechanisms for dealing with economic challenges such as changes in implementation costs by setting stable repayment schedules aligned with the project cycle. This approach reduces financial pressures and ensures project continuity. He emphasized that the goal is not to eliminate any party’s responsibilities but to create a fair framework that defines the obligations and rights of each side, thereby promoting stability in the real estate market, enhancing trust, and ensuring sustainability.
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