Arab Finance: Engineer Sherif El-Sherbiny, Minister of Housing and Utilities, statedUrban communitiesThe last effective date for granting facilitations in the payment of financial dues, with a 70% exemption from the value of late fines upon payment of all debts, for residential, administrative, and professional units, commercial shops, and villas affiliated with the Housing Finance Fund, is 12/31/2024.
The Minister of Housing indicated that the facilities are being granted within the framework of the directives of His Excellency Abdel Fattah El-Sisi, President of the Republic, in order to lift the burden on citizens, as well as to enable citizens to own their own suitable housing and commercial activity in order to encourage investment.
Engineer Hisham Darwish, Advisor to the Ministry of Housing – Supervisor of the Construction and Contracting Sector – Chairman of the Board of Directors of the Housing Finance Fund, explained that the facilitations apply to residential, professional, administrative, and commercial units and villas regarding which there are ongoing lawsuits or for which a preliminary ruling has been issued, or an appellate ruling has been issued on the condition that the full price is paid. In addition to paying all judicial and administrative expenses and any other expenses.
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