Overseas property news - Egypt set to uphold palm hills verdict

Egypt set to uphold palm hills verdict

Egypt's housing minister Fathi Abdelaziz el-Baradei has said the government will uphold a court ruling to scrap a sale of state land to developer Palm Hills but will ensure ordinary Egyptians are not hurt, Ahram has reported. "The government is keen to ensure that no citizen that has bought into these projects will be harmed," he said. Last month an Egyptian court ruled the sale to Egypt's second biggest listed developer was illegal and scrapped the contract.

Source: AMEinfo.com

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