أول منتدى إليكتروني يجمع كل سكان مدينة مدينتي بالقاهرة الجديدة للمشاركة وتبادل الافكار والآراء فيما بينهم، كما يعمل كإتحاد للملاك وكيان قوي ومسموع له تأثره باعتباره ممثلا لكافة أعضائه
 
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 Egypt legal committee: Govt can scrap disputed land sale contract, reassign to same parties

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Nariman



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مُساهمةموضوع: رد: Egypt legal committee: Govt can scrap disputed land sale contract, reassign to same parties   الإثنين أكتوبر 04, 2010 7:58 pm

الف مبروك يا جماعة

الحلو في الموضوع انه ممكن نحط سمايلي فيسيس
Smile Very Happy pirat santa farao lol! geek queen
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Khaled Sarhan



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مُساهمةموضوع: رد: Egypt legal committee: Govt can scrap disputed land sale contract, reassign to same parties   الإثنين أكتوبر 04, 2010 6:56 pm

مبروك على المنتدى lol!
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eng_esmat

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الموقع : http://www.facebook.com/profile.php?id=1249546738#!/pages/Cairo-Egypt/TAHONA-for-engineering-project-management-altahwnh-llhndst-wadart-almshrwat/129828387050436

مُساهمةموضوع: رد: Egypt legal committee: Govt can scrap disputed land sale contract, reassign to same parties   الإثنين أكتوبر 04, 2010 5:08 pm

الف الف مبروك على انشاء المنتدى ..وقد اضاف قيمه لجروب اتحاد سكان مدينتى ..واتقدم بالشكر لكل من ساهم فى هذا العمل ..وادعوا الله ان يجازيه بكل الخير والسعاده الدائمه .
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rabee_edrees



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مُساهمةموضوع: congratulation    الإثنين أكتوبر 04, 2010 1:00 pm

congratulation
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Mina



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مُساهمةموضوع: Egypt legal committee: Govt can scrap disputed land sale contract, reassign to same parties   الإثنين أكتوبر 04, 2010 11:43 am

[left]
Egypt legal committee: Govt can scrap disputed land sale contract, reassign to same parties
By: TAREK EL-TABLAWY and SARAH EL DEEB
Associated Press
09/22/10 4:15 PM EDT

CAIRO — A legal committee set up by the Egyptian government recommended on Wednesday the annulment of a disputed land sale contract, but said it could be reassigned to the same developer on grounds that continuing with the project was a social and economic necessity for the country.

The committee's finding follows almost two weeks of uncertainty surrounding the fate of the Madinaty project, a $3 billion master-planned community being built by Talaat Moustafa Group, after a high court last week upheld a verdict annulling the sale of the land to the company.

The case has spotlighted what critics claim is rampant corruption in Egypt and favoritism afforded wealthy businessmen who form a key support base for the government. The upholding of the verdict, which could not be appealed, sent TMG's shares plummeting for three days and had the government scrambling to avert the possibility that it would undercut investor confidence in a key sector of the Egyptian economy.

In its report, the committee recommended that the New Urban Communities Authority — a Housing Ministry body — "end the contract" with TMG and reclaim the land that was awarded the company.

But the report, released by the cabinet spokesman's office and which will be discussed in a Cabinet meeting on Sunday, also affirmed that maintaining the current legal status of the parties involved in the 13-square-mile (33-square-kilometer) Madinaty project requires continuing to implement the project with the same parties.

In explaining its reasoning, the committee cited an article in the law under which the case was filed that allowed the government to sell land through a direct award instead of public auction if there was a social and economic interest that benefited the public good.

Abdel-Rahim Nafie, the head of the committee, said unit owners, contractors and others have no reason to be concerned.

"Let everyone who dealt with the company rest assured ... it was a desert plot that has now become a city. This is a public good that necessitates protecting this (new) community," Nafie said in an interview on Egyptian television.

The Madinaty contract was struck down by a lower court on grounds that the sale took place through a direct award instead of a public tender and auction. The case was raised by a businessman who has since filed a similar motion against Palm Hills, a developer of primarily upscale projects.

In comments published Wednesday, Prime Minister Ahmed Nazif had defended TMG and blasted criticism of the deal, saying that attacking such companies that play key roles in Egypt was tantamount to committing "economic suicide."

Egyptian officials have said they were committed to finding a legal solution to the case that would guarantee the rights of investors, shareholders and those who bought units in the project ultimately intended to house 600,000 people in villas and flats. Madinaty, which in Arabic means "My City," will also include golf courses and hotels.

President Hosni Mubarak had ordered the committee be set up to look into a legal solution to the case since it could not be appealed to a higher court.

The committee said that the New Urban Communities Authority, in deciding to reassign the land, must take into account that the plot whose contract was annulled is not in the same condition that it was when the contract was signed and that it has been "transformed from barren desert to an urban community."

Nazif formed a committee that included the minister of legal and parliamentary affairs, the minister of finance and the minister of housing to look into the necessary steps to put the committee's recommendations into action and present them to the Cabinet meeting Sunday.



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Egypt legal committee: Govt can scrap disputed land sale contract, reassign to same parties
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