23 Hrs
Source:
المصري اليوم
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Government: Real estate firms with delivery delays
The article focused on the efforts of the Egyptian government to organize the real estate market through the preparation of a new draft law aimed at strengthening trust between investors and preserving the rights of those with reserved purchases. The meeting included a discussion of the provisions of the law, which emphasizes categorizing developers, enhancing transparency, and ensuring the protection of market participants, especially in cases of stalled real estate projects. Additionally, the government reviewed stalled projects and the proposed measures to address them, highlighting the importance of distinguishing between serious and non-serious developers. Currently, efforts are underway to identify the stalled projects in order to develop fundamental solutions to promote stability and sustainability within the real estate market.
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