Egypt’s cabinet issued a decree on June 11 to amend the executive regulations of “Capital Markets Act,” governing real estate funds, in an attempt to facilitate and reduce burdens halting real estate investment, Invest-Gate reports.

The amendments stipulate that experts certified by the Financial Regulatory Authority (FRA) must be consulted first in order to appraise the fund’s assets, notably before taking any major financial action, FRA’s Chairman Mohamed Omran revealed in a recent statement released after a cabinet meeting, held in the presence of Prime Minister Mostafa Madbouly.

Further amendments require asset managers to conduct evaluations for their non-listed real estate funds every six months, instead of three previously. Listed real estate funds, however, will continue to be assessed every three months, Omran noted.

On another note, the chairman unveiled that the FRA is currently in talks with the finance ministry to discuss tax incentives that can prompt real estate investment via similar types of funds.