President Abdel Fattah El Sisi directs not to announce or market any real estate projects until 30% of the project’s construction is complete, to guarantee developers’ commitment, Ahram Gate reports.
Moreover, El Sisi clarifies that it has been remarked that some might sell units before commencing the constructions, pointing out that the state’s role is an organizational one to preserve citizens’ rights and provide a safe investment climate.
This came during El Sisi’s inauguration of a number of housing projects in Badr City.