CAIRO - An Egyptian court on Thursday delayed until Tuesday a ruling on the validity of Talaat Moustafa Group (TMG) purchase of land for the Madinaty real-estate project. "The case will be heard on Tuesday by a different circuit in the Supreme Administrative Court," Judge Mustafa Hanafi said Thursday. A Cairo court on June 22 cancelled the sale of the 33 million-square-metre(355 million-square-foot) plot of government land on the city's outskirts due to irregularities in the way it was sold. The New Urban Communities Authority and TMG separately appealed the ruling. An administrative panel this month said it recommended to the court that the contract for the company's purchase of land issued by the Housing Ministry's New Urban Communities Authority be annulled. Talaat Moustafa is the country's largest listed real-estate company. The ruling won't halt construction or cancel the contract between the New Urban Communities Authority and Talaat Moustafa, Housing Minister Ahmed el-Maghrabi said last month.
