Panel advises rejecting challenge to Egypt’s TMG

1 Min Read

By Edmund Blair /Reuters

CAIRO: A judicial panel has recommended that a court reject a legal challenge that sought to scrap the sale of state land to real estate developer Talaat Moustafa Group (TMG), a judge said on Tuesday.

The state judicial council, which suggests a legal response but whose recommendations are not binding, said the court should reject the case that seeks to overturn TMG’s purchase of land for its flagship $3 billion Madinaty project.

The government devised a new contract in an attempt to settle the fate of Madinaty, which has faced repeated challenges from citizens who say the state should have auctioned the land to get the highest price instead of selling it directly to TMG.

“A report by the state judicial council recommended rejecting the case,” judge Hassan Abdel Aziz said, adding that the court would reconvene on Oct. 4 to review the case.

Lawyers who raised the case will be able to review the report by the judicial panel.


Share This Article
Leave a comment