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Egypt: MP submits a motion on the continuous sale of Cairo's historical buildings.

Egypt: MP submits motion on sale of Cairo historical buildings
Region: Egypt
Created: Jun 26, 2010, modified: Jan 13, 2012, overall rating: 0.000



People's Assembly member, Mustafa Bakri, submitted an early-day motion to Minister of Investment ,Mahmoud Mohieddin, about what he described as the continuous sales of historical buildings in downtown Cairo.

In his request, Bakri accused the British company Samay Hills Ltd, which is seeking to purchase some of these buildings, of having a dubious identity.

The company was founded in 2008 as a partnership between several Egyptian and Arab businessmen. It was established abroad and seeks to acquire 99 percent of shares in Ismailia for Real Estate Investment, a company that has already purchased more than 20 historical buildings in downtown Cairo.

Translated from the Arabic Edition.

#LISA

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