Egypt

The Minister of Housing: Extending the exemption period by 70% of the delay fines for financial dues in new cities

The Board of Directors of the New Urban Communities Authority, in his meeting headed by Eng. Sherif El -Sherbiny, Minister of Housing, Utilities and Urban Communities, agreed to extend the granting of facilities in paying the financial dues by exemption by & ldquo; 70 %& rdquo; One of the value of delaying fines on the installments due if all the late dues are paid, for housing, administrative and professional units, commercial stores and land pieces of all kinds and areas & ldquo; Residential & ndash; Commercial & ndash; Service & ndash; Investment & ndash; Industrial & ndash; … & rdquo;, villas and beach units held with the knowledge of the authority, for a period of two months from the date of the end of the previous deadline. Withdrawing them from the device, and the facilities are applied to the following conditions: Commitment to the timing specified for implementation, and waiver all the cases filed on the authority or devices. The device has the possession of the device, and these facilities do not apply to the amounts due for the completion of the value of the payments provided.

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