|Egypt to uphold verdict that Palm Hills land illegal|
|Written by Egypt News|
|Tuesday, 10 May 2011|
Egypt's Minister of Housing Fathi Abdelaziz El-Baradei said that Egypt's government is to uphold a court ruling to scrap a sale of state
land to developer Palm Hills but will ensure ordinary Egyptians are not
Last month an Egyptian court ruled that a state land sale to Palm Hills, Egypt's second biggest listed developer, was illegal and scrapped the contract. It's the latest in a series of rulings that have alarmed investors in property.
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