Sawiris said in a tweet via his account on the “X” platform, (previously Twitter), that the draft law currently presented is “fair,” because it comes after many years of injustice to the owners, and current rents that are not even sufficient for maintenance.
He added, in response to a question about what was reported about his buying properties in downtown Cairo with old rents pending the passing of the new law, Sawiris said that he does not own any buildings in downtown, and I did not buy anything.
A joint committee in the House of Representatives, comprising the Housing and Public Utilities, Local Administration, and Constitutional and Legislative Affairs committees, is expected to begin discussing the new draft law and hold hearing sessions starting next Sunday. These sessions will include representatives of landlords and tenants, hoping to reach a balanced solution that takes into account the interests of both parties.