{"id":645946,"date":"2017-06-01T03:55:06","date_gmt":"2017-06-01T03:55:06","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/01\/unregistered-buildings-have-a-total-market-value-of-egp-300-bn-housing-ministry\/"},"modified":"2017-06-01T03:55:06","modified_gmt":"2017-06-01T03:55:06","slug":"unregistered-buildings-have-a-total-market-value-of-egp-300-bn-housing-ministry","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2017\/06\/01\/unregistered-buildings-have-a-total-market-value-of-egp-300-bn-housing-ministry\/","title":{"rendered":"Unregistered buildings have a total market value of EGP 300 bn -Housing Ministry"},"content":{"rendered":"

<\/a> There are 500k unregistered buildings nationwide with a combined estimated market value of EGP 300 bn<\/strong>, the Housing Ministry\u2019s Building Technical Inspection Authority chairman Abdel Moneim Saleh tells Al Borsa<\/a>. Saleh says the ministry expects a haul of EGP 150 bn if the illegal developers filed to resolve the disputes. This is pending approval of a law on the resolution of construction violations the House is discussing. Saleh adds that dispute resolution is the only practical solution available now, as \u201c99% of the properties\u201d are inhabited and even tearing them down would involve high costs. Reclaiming state land and seizing unlicensed developments has been a major government priority, with President Abdel Fattah El Sisi launching a campaign early last month<\/a> to \u201creclaim\u201d the land and kick out squatters.<\/p>\n

On that front, the state tore down buildings with a combined built up area of 18.39 mn sqm<\/strong> and has reclaimed more than 394.5k feddans of state-owned land in 26 governorates <\/strong>since the campaign began,<\/strong> the Agriculture Ministry said in its report on the seizures on Wednesday, reports AMAY<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"

There are 500k unregistered buildings nationwide with a combined estimated market value of EGP 300 bn, the Housing Ministry\u2019s Building Technical Inspection Authority chairman Abdel Moneim Saleh tells Al Borsa. Saleh says the ministry expects a haul of EGP 150 bn if the illegal developers filed to resolve the disputes. This is pending approval of […]<\/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":[72,2380],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-645946","post","type-post","status-publish","format-standard","hentry","category-speed-round","tag-enterpriseam","tag-speed-round","wpautop","entry"],"acf":{"mongo_id":"3b959fa2-24a1-4e35-b40d-3822e29ddb49","order":"0","is_powered_by":true,"section_story_id":"ae22ecad-2d45-4988-9d6d-d8a210325d8e","story_type":"1","photo_url":"","photo_position":"above","related_issue":[645935],"teaser":"","voice_url":""},"yoast_head":"\nUnregistered buildings have a total market value of EGP 300 bn -Housing Ministry - 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\/2017\/06\/01\/unregistered-buildings-have-a-total-market-value-of-egp-300-bn-housing-ministry\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Unregistered buildings have a total market value of EGP 300 bn -Housing Ministry\" \/>\n<meta property=\"og:description\" content=\"There are 500k unregistered buildings nationwide with a combined estimated market value of EGP 300 bn, the Housing Ministry\u2019s Building Technical Inspection Authority chairman Abdel Moneim Saleh tells Al Borsa. Saleh says the ministry expects a haul of EGP 150 bn if the illegal developers filed to resolve the disputes. 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The passage of\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":636191,"url":"https:\/\/enterpriseam.com\/egypt\/2017\/12\/26\/el-sisi-announces-egp-100-bn-development-project-in-sinai\/","url_meta":{"origin":645946,"position":1},"title":"El Sisi announces EGP 100 bn development project in Sinai","author":"enterpriseam admin","date":"26 December 2017","format":false,"excerpt":"Grand infrastructure plans: Egypt will spend EGP 100 bn on a construction project in Sinai, President Abdel Fattah El Sisi announced, according to Reuters. \u201cWe have entrusted the ministry of housing and the engineering authority with a national project of comprehensive urban planning,\u201d El Sisi says. He added that the\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":596870,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/07\/10\/egypts-hyperone-to-invest-egp-5-bn-on-developing-new-existing-branches\/","url_meta":{"origin":645946,"position":2},"title":"Egypt\u2019s HyperOne to invest EGP 5 bn on developing new, existing branches","author":"enterpriseam admin","date":"10 July 2019","format":false,"excerpt":"INVESTMENT WATCH- HyperOne to invest EGP 5 bn on developing new and existing branches: Retail chain HyperOne will spend EGP 5 bn on new and existing branches \u201cin the coming period,\u201d regional legal advisor Mohamed Magdy Saleh told Amwal Al Ghad. The retailer is planning to open a branch in\u2026","rel":"","context":"In "Speed Round"","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":572079,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/10\/earnings-watch-ibnsina-pharma-emaar-misr\/","url_meta":{"origin":645946,"position":3},"title":"Earnings watch: Ibnsina Pharma, Emaar Misr","author":"enterpriseam admin","date":"10 June 2020","format":false,"excerpt":"EARNINGS WATCH- Ibnsina Pharma has reported a 19.8% increase in 1Q2020 net profits to EGP 50.3 mn, from EGP 42 mn in the same period last year, it said in its earnings report (pdf). 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