{"id":594923,"date":"2019-09-11T04:03:49","date_gmt":"2019-09-11T04:03:49","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/11\/madbouly-industry-figures-review-draft-law-to-regulate-real-estate-developers-in-egypt\/"},"modified":"2019-09-11T04:03:49","modified_gmt":"2019-09-11T04:03:49","slug":"madbouly-industry-figures-review-draft-law-to-regulate-real-estate-developers-in-egypt","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/09\/11\/madbouly-industry-figures-review-draft-law-to-regulate-real-estate-developers-in-egypt\/","title":{"rendered":"Madbouly, industry figures review draft law to regulate real estate developers in Egypt"},"content":{"rendered":"

LEGISLATION WATCH- Cabinet, industry figures review draft law to regulate real estate developers:<\/b> Prime Minister Moustafa Madbouly, Housing Minister Assem El Gazzar, and representatives from the real estate industry met yesterday to review a draft bill that would regulate developers and the industry, according to a Cabinet statement<\/a>. No details were provided on the developers\u2019 gripes with the legislation, but Madbouly ordered officials to settle the contentious points in the bill ahead of presenting it to Cabinet for approval.<\/p>\n

Background:<\/b> The House of Representatives had been working since January<\/a> on the law, which would regulate the real estate industry by clamping down on wildcat developers, create the state-sponsored federation, and set up a fund to hedge against sector-related risks. Developers have since voiced objections<\/a> to stipulations in the law that would impose fines and prison time on developers who miss delivery deadlines.<\/p>\n","protected":false},"excerpt":{"rendered":"

LEGISLATION WATCH- Cabinet, industry figures review draft law to regulate real estate developers: Prime Minister Moustafa Madbouly, Housing Minister Assem El Gazzar, and representatives from the real estate industry met yesterday to review a draft bill that would regulate developers and the industry, according to a Cabinet statement. No details were provided on the developers\u2019 […]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[8572],"tags":[72,1719,180,281,83,343,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-594923","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-housing-ministry","tag-legislation","tag-moustafa-madbouly","tag-real-estate","tag-regulation","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"12e21ea1-4b3f-4fb8-9b0f-92f53fc048de","is_powered_by":true,"section_story_id":"c2a5a8ee-48e9-4cc7-b3e4-23ea68978e51","story_type":"1","photo_url":"","photo_position":"above","related_issue":[594907],"teaser":"","voice_url":""},"yoast_head":"\nMadbouly, industry figures review draft law to regulate real estate developers in Egypt - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2019\/09\/11\/madbouly-industry-figures-review-draft-law-to-regulate-real-estate-developers-in-egypt\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Madbouly, industry figures review draft law to regulate real estate developers in Egypt\" \/>\n<meta property=\"og:description\" content=\"LEGISLATION WATCH- Cabinet, industry figures review draft law to regulate real estate developers: Prime Minister Moustafa Madbouly, Housing Minister Assem El Gazzar, and representatives from the real estate industry met yesterday to review a draft bill that would regulate developers and the industry, according to a Cabinet statement. 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