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Swan Lake vs slums: Egypt faces housing challenge

Posted on 03 May 2011

As Egypt charts a course forward to what many hope will be a democratic nation, officials face the daunting task of keeping the economy stable while undoing a legacy of corruption and cronyism widely seen as favoring companies and a minority of businessmen at the expense of millions.
For many in the country, property developers are justified targets, in part because they secured state land at cut-rate costs and then resold developed lots at exorbitant prices. But some fear the companies — and the private sector in general — are becoming the victims of a witch hunt that will undercut growth and undermine the economy……………………………………….Full Article: Source


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