PM emphasizes real estate market regulation draft law

Prime Minister Mostafa Madbouly highlighted the significance of implementing regulations on the real estate market, stating that the Egyptian state is currently developing a legal framework to achieve a balance between encouraging investments and safeguarding the rights of all stakeholders. This was discussed during a meeting on September 15, 2026, with real estate developers, which was attended by the Minister of Housing, Utilities, and Urban Communities, Randa al-Minshawy, and other key officials.

Madbouly stressed the crucial role of the real estate sector in driving economic growth and highlighted the Housing Ministry's efforts to coordinate with regulatory bodies in addressing stalled projects across the nation. The prime minister announced that a draft law had been prepared, and consultations were underway before the text would be submitted to the cabinet and parliament.

Minister al-Minshawy disclosed that the ministry was compiling cases of developers who had failed to deliver as promised, representing a small fraction of the total projects. The bill aims to create a professional developers' federation to resolve disputes, categorize developers based on their financial and operational stability, and provide enhanced oversight for buyers.

The housing minister explained that the bill seeks to strike a balance between maintaining market stability, empowering qualified developers through the federation, and monitoring non-compliant operators until they meet all necessary conditions.

During the meeting, the developers emphasized the sector's substantial investments and job creation potential, urging for clear differentiation between serious developers and a minority of non-serious operators. They proposed solutions to recent market challenges and stressed the importance of objective developer classifications. The prime minister instructed developers to thoroughly review the bill and provide feedback before it is reviewed by the cabinet.