Oct. 18 (Bloomberg) -- Egypt’s Ministry of Housing, Utilities and Urban Development is considering changes that will ensure the poor have better access to social housing and will seek to combat corruption in the industry, state-run Al-Ahram newspaper reported today.
The plan includes amending six laws, as well as introducing a new social housing bill, al-Ahram said, citing Housing and Urban Communities Minister Tareq Wafiq. A new fund for social housing will be established, Wafiq added, without providing further details.
The ministry will also introduce a unified construction law that governs the sale of land, to eliminate legal challenges and corruption in the real estate industry, and cut down the number of regulations and entities involved in the construction process, Ahram cited Wafiq as saying.
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