08.06.2011 - Egypt’s developers pay the price for Mubarak ties
Property giants of Egypt have prospered during the reign of Hosni Mubarak, thanks to their close ties to the now-toppled regime. Under pressure from the people, the new government has started to open real estate files, shedding light on corruption and favoritism. Egypt’s six biggest developers have 109.6 million square meters of land in Cairo, according to estimates. Nearly half of it is subject to dispute..............................................Full Article: Source
Print