Hassan Al-Shourbagy
Hassan Al-Shourbagy is the Deputy Head of the New Urban Communities Authority for Real Estate and Commercial Affairs in Egypt. He recently announced a significant policy change regarding a 70% reduction in late payment penalties for various types of real estate units, aiming to ease the financial burden on property owners and enhance compliance with payment schedules.
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Egypt:
Hassan Al-Shourbagy announced a 70% exemption from late payment fines on housing units and land.
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