The Egyptian government is taking significant steps to advance the export of its real estate sector, with Prime Minister Dr. Mostafa Madbouly at the helm. On March 25, 2025, Madbouly convened a meeting aimed at following up on the real estate export file and reviewing the related electronic marketing efforts. This initiative is part of the government’s broader strategy to attract foreign buyers to the Egyptian property market.
The discussion was attended by key officials, including Dr. Amr Talaat, the Minister of Communications and Information Technology, Dr. Badr Abdel-Aati, the Minister of Foreign Affairs, Counselor Adnan Al-Fanjari, the Minister of Justice, and Engineer Sharif Al-Shurbini, the Minister of Housing. Also present were Rana Badawi, the acting Governor of the Central Bank, alongside various representatives from ministries and relevant authorities, including the Egyptian Real Estate Corporation.
Recognizing the importance of real estate as a cornerstone for economic development, Prime Minister Madbouly stated, "The government is working to facilitate procedures for obtaining Egyptian real estate from foreigners," emphasizing the sector's priority status. His comments underline ongoing efforts to ease the complexities traditionally associated with purchasing property in Egypt.
Engineer Shurbini reinforced this perspective by explaining that effective real estate development demands systematic procedures and various facilitative measures. He noted, "Real estate development requires a set of systematic procedures by providing various facilities," showcasing the government's committed path toward modernization in the sector.
A key initiative discussed during the meeting was the establishment of a unified electronic system aimed at marketing Egyptian real estate abroad effectively. The goal is to identify target markets and streamline the real estate offer process. This initiative will also be supported through promotional efforts via Egyptian embassies and consulates, extending outreach not only to Egyptian expatriates but also to foreign investors interested in tapping into the Egyptian market.
Furthermore, Dr. Amr Talaat outlined the vision for a new property development platform, part of Egypt’s digital strategy. He stated, "Our vision reflects increasing the reliability of the real estate product through creating a unified property registry," highlighting the potential for improved transparency in real estate transactions.
This platform aims to secure property rights through unified registration, simplify the processes of property acquisition and ownership transfer, and ensure that the costs associated with these actions are transparent. Talaat also referenced global best practices exemplified in other countries, suggesting that Egypt aims to model its new systems after these successful implementations.
In a further move to enhance the efficiency of these procedures, Counselor Al-Fanjari mentioned the formation of a committee from the legislative and real estate sectors tasked with analyzing laws in countries that have successfully modernized their property registration and export procedures. This initiative aims to learn from these international experiences to facilitate contracts and registered ownership for foreign investors wishing to acquire Egyptian real estate.
Minister Abdel-Aati expressed readiness to promote the newly discussed real estate platform to a broader audience through Egyptian embassies, not only targeting expatriates but also international investors looking to secure property in Egypt.
The meeting culminated with an emphasis on the need for automation of the real estate tax system and the overall working framework of the proposed platform. The anticipated outcomes of these discussions may usher in a new era for the Egyptian real estate sector that positions it strategically within the global market.
As these initiatives unfold, many await the prospective influx of foreign investment that a more transparent, accessible, and regulated real estate environment promises. The Egyptian government’s commitment to advancing these measures illustrates its recognition of the real estate sector's potential as a significant contributor to national economic growth.
