Egyptian Prime Minister Moustafa Madbouly on Saturday directed governors to form committees to survey residential units affected by the country's amended old tenant law, which seeks to overhaul decades-old rental contracts. The legislation, recently ratified by President Abdel Fattah El-Sisi, mandates local committees to classify housing areas as prime, middle-income or affordable to set minimum rents during a seven-year transition. Each committee will include legal and technical experts, along with representatives from the ministry of housing, the Real Estate Taxation Authority (RTA), the New Urban Communities Authority (NUCA), and the Egyptian Survey Authority (ESA), Prime Minister Madbouly told the governors' council. They must complete their work within three months. Local Development Minister Manal Awad said 1,298 land plots covering 61.2 million square metres had been earmarked for new housing projects to replace old-rent units, and will be handed over to the housing ministry for construction. Attribution: Amwal Al Ghad English
