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Latest news with #AdvisoryCommitteeonUrbanDevelopmentandRealEstateExport

PM follows up on real estate export strategy, digital property platform
PM follows up on real estate export strategy, digital property platform

Egypt Independent

time3 days ago

  • Business
  • Egypt Independent

PM follows up on real estate export strategy, digital property platform

Prime Minister Mostafa Madbouly said the government is moving forward with implementing recommendations from the Advisory Committee on Urban Development and Real Estate Export, highlighting the strategic importance of the sector. Speaking during a meeting on Tuesday, July 15, 2025, in New Alamein City, Madbouly said Egypt aims to simplify property acquisition procedures for foreigners and streamline real estate registration, while promoting Egyptian property abroad through embassies and consulates. Cabinet spokesperson Mohamed al-Homsany said the meeting reviewed progress on launching a digital platform for real estate exports, including coordination with relevant agencies, technical aspects, and regulatory frameworks. The Ministry of Communications and Information Technology reported it has issued property identification numbers for over 18 million residential units. The Justice Ministry is preparing legal frameworks for issuing ownership and transaction certificates. The platform will launch its pilot phase in September 2025 in New Alamein City, expanding to Sheikh Zayed City in December 2025, before rolling out nationwide by mid-2026. The platform will offer listings from both public and private developers, and include a digital registry to facilitate ownership transfer and boost transparency, officials said.

Madbouly reviews progress on real estate export platform
Madbouly reviews progress on real estate export platform

Daily News Egypt

time4 days ago

  • Business
  • Daily News Egypt

Madbouly reviews progress on real estate export platform

Prime Minister Mostafa Madbouly chaired a meeting on Tuesday to follow up on the implementation of key recommendations from the Advisory Committee on Urban Development and Real Estate Export. In attendance were Minister of Communications and Information Technology Amr Talaat, Minister of Justice Adnan Al-Fangari, Minister of Housing, Utilities, and Urban Communities Sherif El-Sherbiny, along with other senior officials. At the outset, Madbouly emphasized the government's commitment to advancing the real estate export agenda, describing it as a strategic national priority. He noted that efforts are underway to simplify property acquisition procedures for foreign buyers and streamline the real estate registration process. He further highlighted the government's recent policy incentives and ongoing promotional campaigns through Egyptian embassies and consulates worldwide to attract international investment in the sector. According to Cabinet Spokesperson Mohamed Al-Homsany, the meeting reviewed the progress of the digital real estate export platform, including operational mechanisms and inter-agency coordination. The discussion also covered several technical and regulatory elements essential to the platform's launch. Al-Homsany noted that the Ministry of Communications has completed the issuance of Property ID numbers for over 18 million housing units—an important step toward digitalizing the sector. The Ministry of Justice also presented a detailed framework for the issuance of the 'Establishment and Validity Certificate' for real estate transactions involving sold units. Additionally, the meeting reviewed the eligibility criteria for real estate developers seeking to list and sell properties through the platform, as well as a range of procedures currently being finalized in coordination with relevant authorities.

OPEN// PM follows up on real estate export strategy, digital property platform
OPEN// PM follows up on real estate export strategy, digital property platform

Middle East

time4 days ago

  • Business
  • Middle East

OPEN// PM follows up on real estate export strategy, digital property platform

CAIRO, July 15 (MENA) – Prime Minister Mostafa Madbouly said the government is moving forward with implementing recommendations from the Advisory Committee on Urban Development and Real Estate Export, highlighting the strategic importance of the sector. Speaking during a meeting on Tuesday in New Alamein City, Madbouly said Egypt aims to simplify property acquisition procedures for foreigners and streamline real estate registration, while promoting Egyptian property abroad through embassies and consulates. Cabinet spokesman Mohamed El-Homsany said the meeting reviewed progress on launching a digital platform for real estate exports, including coordination with relevant agencies, technical aspects, and regulatory frameworks. The Ministry of Communications and Information Technology reported it has issued property identification numbers for over 18 million residential units. The Justice Ministry is preparing legal frameworks for issuing ownership and transaction certificates. The platform will launch its pilot phase in September 2025 in New Alamein City, expanding to Sheikh Zayed City in December 2025, before rolling out nationwide by mid-2026. The platform will offer listings from both public and private developers, and include a digital registry to facilitate ownership transfer and boost transparency, officials said. (MENA) R E E/

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