Egypt is working on a comprehensive framework to ease the transition for tenants affected by sweeping reforms to the decades-old rent law, Prime Minister Moustafa Madbouly said Wednesday. Speaking at the weekly Cabinet meeting in the New Administrative Capital, Prime Minister Madbouly said the government is finalising a set of alternative solutions for tenants under the old rent system, which has capped rents for decades and limited landlords' ability to reclaim their properties. He added that a separate meeting would be held later in the day to review the proposed mechanisms. The remarks follow the Egyptian Parliament's approval of several major government-backed bills, including amendments to the old rent law, as well as education and sports legislation. The prime minister praised the legislative body for endorsing the changes and noted the government had incorporated all proposed parliamentary amendments. "These laws address high-impact sectors, and the government is committed to implementing them in a way that ensures social stability," Prime Minister Madbouly said. The reform of Egypt's old rent law, which dates back to the mid-20th century, is expected to affect thousands of residential and commercial leaseholders. The law's overhaul aims to unlock value in the property market and address long-standing legal imbalances between tenants and landlords, while ensuring vulnerable groups are protected. Attribution: Amwal Al Ghad English
