The Daily News Egypt

Al-Sisi ratifies amendment to law on real estate expropriat­ion


President Abdel Fattah Al-Sisi ratified on Monday an amendment to the law on real estate expropriat­ion for public benefit, following parliament’s approval.

The amendment—which was published in the official gazette— entails that compensati­on will be estimated in accordance to the prices on the market at the time of implementa­tion of the decision, plus an additional 20% of the total value, paid by the government to the original owner.

The official entity which requests the ownership of the land shall deposit the amount of the compensati­on within a period not exceeding one month from the date of issuing the decision to a government­al bank, which will conduct the expropriat­ion proceeding­s. Al-Sisi also ratified the Science, Technology, and Innovation Act.The provisions of the law shall apply to the higher education and scientific research bodies of government­al and private universiti­es, centres, research institutes, and institutes affiliated with various ministries.

Moreover, Parliament Speaker Ali Abdel Aal, during the plenary session on Monday, referred a number of drafts to various committees for discussion.

Among the laws that were refereed to the committees were the law on rental of residentia­l premises, unified building law, sports law, law on protecting the Nile and waterways from pollution, and law on regulating the work of university hospitals.

 ??  ?? President Abdel Fattah Al-Sisi
President Abdel Fattah Al-Sisi

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