Egypt ends curbs on foreign property ownership ...Saudi Arabia

ARAB NEWS - News
Egypt ends curbs on foreign property ownership
source : ARAB NEWS ( Saudi Arabia ) () 68
CAIRO: Egypt is to remove limits on foreign ownership of property in an effort to attract more hard currency to the country. Prime Minister Mostafa Madbouly said in a news conference on Wednesday that the government would remove restrictions that allow foreigners to own no more than two properties, both of which currently need to be in different cities. He also said that the state would work to speed up land registration for investors, following complaints of processing difficulties at the Supreme Council for Investments.

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