File-Prime Minister Sherif Ismail
CAIRO – 24 May 2018: President Abdel Fattah el-Sisi signed a decree no. 229/2018 on authorizing Prime Minister Sherif Ismail to exercise the powers of the President of the Republic stipulated in Law no. 10/1990 on the acquisition and expropriation of real property for the public benefit. The law was published in the official gazette on Saturday.
Public acquisition and expropriation are the feasibilities of the state or local governments to acquire real property, where the increased benefit for the society is legally recognized. The rules concerning compulsory transfers of real property are different among the countries, but similar in concept. The dissimilarities can be found in the conditions on which transfers are carried out and in relation to compensation assigned to the property owner.
The Prime Minister has been in Germany for medical treatment last November, where he underwent a surgery. Following Ismail’s leave, Minister of Housing Mostafa Madbouly was named as acting prime minister upon the decree of President Sisi. Ismail returned home last December after 1-month treatment.
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