LEGISLATION WATCH- Unified Building Code to impose new insurance requirements on developers: The House of Representatives’ Housing Committee has approved amendments to the long-awaited Unified Building Code, Al Shorouk reported. The amendments would require developers constructing buildings taller than five storeys or valued at over EGP 3 mn to buy insurance against construction-related damage. The insurance would cover the developer and contractor for any damages during construction and the guarantee period. The committee has also decided to allow buyers to ask firms registered with the Engineering Syndicate to assess the building, scrapping a previous requirement for these firms to be registered with the Housing Ministry. There was no mention of when the amendments would be discussed or voted on by the general assembly.

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