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Medbouly reviews stalled real estate projects and safeguards depositor rights
The article focuses on the efforts of the Egyptian government, led by Dr. Mostafa Madbouly, to regulate and organize the real estate market, especially concerning stalled projects. It emphasizes that the government is working to identify the reasons behind the failure of these projects, whether due to developers' negligence or external circumstances, in order to establish clear mechanisms for resolving issues and protecting the rights of the iden-tified parties and serious developers. The article also highlights the ongoing preparation of a draft law to establish the Real Estate Developers Union, aiming to enhance market regulation and safeguard the interests of all parties involved. Additionally, it underlines the important role of the real estate sector in supporting the economy and providing job opportunities. The government affirms its support for serious developers and is working to settle the debts of the Media Authority, with a strong focus on protecting the rights of those engaging with the sector.
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