13 Hrs
Source:
بوابة الشروق
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President Sisi on old rent system
The article discusses President Abdel Fattah El-Sisi's statements during the Egypt Forum regarding the old rental crisis and its impact on housing development in Egypt. He explained that the idea of legalizing old rentals was beneficial because it helped improve housing standards and increased household income. However, it also led to a crisis of informal settlements and unplanned housing because the state withdrew from financing and developing residential units to meet demand. He also emphasized that the government has not been able to fully bridge the housing gap, noting that the old rental laws have contributed to the deterioration of the housing situation, despite intentions to ease conditions for citizens. Additionally, he highlighted the need to strengthen trust in the state and achieve a balance between development and organized housing to support residential and community stability.
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