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Government mulls recognition of illegal land sales
Ashraf Fekry Mohamed Haroun Published in Almasry Alyoum on 25 - 05 - 2011

The Investment Disputes Settlement Committee plans to discuss a draft law to recognize sales of state-owned land since 1998. The land was sold to investors by direct order and not at a public auction, which violates the law.
The committee aims to prevent foreign investors resorting to international arbitration, which would harm Egypt's economy.
Translated from the Arabic Edition

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