Belmazad announced the signing of a strategic partnership agreement with EGYLEASE, a subsidiary of the Industrial Development Bank (IDB), to optimize the utilization of selected assets owned by EGYLEASE through digital auction sales on the Belmazad platform, Invest-Gate reports.

The partnership marks a key step in enhancing Egypt’s digital asset sales ecosystem, beginning with four landmark buildings owned by EGYLEASE to be listed for auction. Through this collaboration, both companies aim to expand their client base and deliver transparent, efficient, and tech-driven asset management solutions.

The agreement reflects EGYLEASE’s strategy to advance asset management and sales mechanisms using innovative digital tools that align with Egypt’s digital transformation goals. It also underscores Belmazad’s role as one of Egypt’s leading PropTech innovators, offering AI-powered visualization tools and 3D virtual tours that help investors make informed decisions.

By integrating financial leasing expertise with PropTech innovation, the partnership creates shared value for both parties and supports Egypt’s vision of fostering a modern, transparent, and efficient financial ecosystem. The collaboration highlights the growing synergy between non-banking financial institutions and digital real estate platforms in driving economic growth and sustainable development.