Minister of Housing and Utilities, Eng. Sherif El Shorbagy, met with the official of the Egypt Real Estate Platform, Ahmed El Batrawy, to discuss collaboration opportunities in digital transformation. The meeting was attended by officials from the Ministry and the New Urban Communities Authority. Eng. El Shorbagy emphasized the integration between the Ministry and the platform to provide data on 400,000 housing units, in addition to databases about the units executed in new cities. The collaboration aims to create a comprehensive real estate database in Egypt and transform manual transactions into electronic ones. El Shorbagy also listened to a presentation about the platform’s operating mechanism and similar global experiences.
The Housing Minister reiterated the importance of supporting the Egypt Real Estate Platform to organize and govern the real estate sector, as well as to develop new strategies to attract and encourage foreign investment in Egypt, whether through exporting or marketing real estate domestically.
For his part, Ahmed El Batrawy expressed his pleasure at meeting with the Minister, pointing out that the Egypt Real Estate Platform aims to regulate the presentation and trading of real estate products, as well as expedite the exchange of information about Egyptian properties in the markets. The platform serves as a comprehensive information center for Egyptian real estate and an integrated database designed to create a centralized real estate market that facilitates transactions between investors and citizens.
It is worth mentioning that the official Egypt Real Estate Platform is the first government website dedicated to Egypt’s real estate sector, supported by the Multiple Listing Service (MLS) system. It can be accessed via the website www.realestate.gov.eg. This government initiative aims to provide a unified center for all stakeholders in the real estate market, including real estate agents, developers, financial institutions, and government entities, in order to establish a centralized, organized real estate market in line with global systems.