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