20 Hrs
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الشرق الأوسط
Egyptians' concerns over foreign property sales
Egyptian Prime Minister Mustafa Madbouly emphasized that foreign ownership of real estate in Egypt is not an issue. He explained that the law restricts the number of properties foreigners can own, and that these measures aim to provide hard currency and strengthen the economy. The government also denied concerns about displacement or land grabs, stressing the need to differentiate between property ownership and sovereignty. He affirmed that all property acquisitions are subject to clear regulatory controls.
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