Palm Hills expects Egypt to revamp land allocation laws
Complex Made Simple

Palm Hills expects Egypt to revamp land allocation laws

Palm Hills expects Egypt to revamp land allocation laws

Yasseen Mansour, chief executive of Egyptian real estate firm Palm Hills Developments has said the government is expected to revamp land allocation laws by end-March in an attempt to contain a spate of lawsuits against state land deals, Reuters has reported. An Egyptian court ruled in June that the state land sale for one of the country's biggest projects was illegal and the contract should be scrapped. "We have been told by the government and they have made it clear and public that they will amend the bigger laws. They will rewrite it to say that in some cases, it is allowed for governmental bodies to give the land by direct order," he said.

    Author
    AMEinfo Staff

    AMEinfo staff members report business news and views from across the Middle East and North Africa region, and analyse global events impacting the region today.

    © 2021, ADigitalcom. All rights reserved