Friday, 2 September 2011
Egypt keen to settle land disputes
Other developers have been investigated and in some cases convicted of obtaining state land cheaply from officials in return for favours.
According to Al Ahram daily, the government is aiming to reach a resolution about Damac and other cases in a matter of days, but some speculate that it will probably take longer than that.
The daily also reported the names of some of the companies involved in disputes, including another Dubai-based conglomerate Al-Futtaim Group and Omar Effendi, an Egyptian retail chain owned by Saudi firm Anwal.
A committee set up to negotiate the settlements, headed by Egypt's Prime Minister Essam Sharaf has already settled one of a number of State land sales disputes by revising the terms of a farmland deal with Saudi Prince Alwaleed bin Talal.
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