In the current parliamentary session, it has to issue some real estate laws, namely, the Real Estate Development Law, the Real Estate Tax Law, the Unified Building Law, the Reconciliation of Building Violations and the Tenders Law, according to MP’s housing committee member Mohamed Abdel Ghany. Abdel Ghany said that the Real Estate Development Law will be issued within five months. The Real Estate Development Law was submitted by the Real Estate Development Chamber at the Federation of Egyptian Industries. Moreover, Abdel Ghany disclosed that the Real Estate Development Law and the Unified Building Law are supposed to be issued before the end of current legislative session. The parliament has approved in its plenary session on 23 December 2018 a final draft law submitted by the government on the amendment of some provisions of the Real Estate Tax Law No 196 of 2008.

Source: Daily News Egypt January 09, 2019 07:52 UTC