The Impact of President El-Sisi’s Speech on Egypt’s Old Rental Law and its Financial Consequences

2023-10-01 13:58:00

During his speech at the Story of a Nation conference, President Abdel Fattah El-Sisi commented on the old rental law, saying: Unless there is a strong, decisive and quick law on this issue, we will lose the 2 million units, which are estimated at one trillion pounds. These units’ rents are not the same as the new units, because their rents are more comfortable for the people close to them.

He continued: Why is this point not discussed well? The discussion comes about regulating the relationship between the landlord and the tenant in the old rent law. It tells you that these are gains, do not get close.. Oh my love, you are talking about the people who made these gains, may God have mercy on them. They died a long time ago, and those who are here now are their grandchildren, okay? What do they look like in the residential bloc in which the law was implemented? So, you are talking about a population bloc in 1962, and those who were present at that time and benefited from this relationship and the contract that was concluded.. Ok, it remains for life and the issue does not end anymore. I see the discussions in the newspapers and read it.. People died and those after them died, and you are still holding on to the matter.

He added: Someone answer any discussion of this issue in Parliament or on talk channels, which you have created constitutes a real obstacle to the exploitation of 2 million worth a trillion pounds. It is forbidden for us to lose this value, and Dr. Assem is attacking them so that they prefer to close the theoretical talk about it, and the reality is another matter. The state is another matter, and the people, I would like to tell you that there is a lot of theoretical talk on many topics, but the reality is another matter, the state is another matter. Pointing out that in the year 1967, the Israeli Minister of Defense said that this strike would not be carried out by the Egyptian army until after 50 years. I said it is reasonable, as long as we are able to regain our health, we will remain 50 years old. Is it possible that you were thinking like that, Kamel, when you were 13 years old, crying for your country?

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