Egypt Orders Resolution of Problems Facing Developers, Mal Says

Egypt’s ruling military council ordered the Ministry of Housing to resolve problems facing real- estate developers, Al Mal reported, citing a letter from the council dated Sept. 10.

The council directed the ministry to respect previously- signed contracts for the sale of government land to property developers and expedite licenses for contractors, the Cairo- based business daily said.

To contact the reporter on this story: Ahmed A Namatalla in Cairo at anamatalla@bloomberg.net

To contact the editor responsible for this story: Mahmoud Kassem at mkassem1@bloomberg.net

Bloomberg reserves the right to edit or remove comments but is under no obligation to do so, or to explain individual moderation decisions.

Please enable JavaScript to view the comments powered by Disqus.