The dispute between Palm Hills Development (PHDC) and Matrouh Governorate has been renewed over the company’s dues which was payable more than a year ago.
The investment division of the administrative court held a hearing yesterday, June 22, to look into the case of Palm Hills company versus Matrouh governor wherein the company demanded LE 231 million repayment which the company paid for the allocation of 2230 feddans in the governorate in 2007.
The Matrouh governorate allocated 3 land plots to Palm Hills Development located in Marsa Matrouh international road. However, the company could not acquire the approval of the Armed Forces to execute any projects.
Source: AlBorsa Newspaper & Arab Finance