Eng. Sherif El Sherbini, Minister of Housing, Utilities, and Urban Communities, met with Mr. Ahmed Elbatrawy, Founder and CEO of The Official Egyptian Real Estate Platform, and his team to explore opportunities for cooperation in digital transformation, Invest-Gate reports.

The meeting was attended by officials from the Ministry and the New Urban Communities Authority.

El Sherbini emphasized the importance of maximizing the role of the platform, particularly within the framework of the Unified Real Estate National ID Law in Egypt.

He highlighted the need to form a working group comprising the Ministry of Housing, its affiliated entities, The Official Egyptian Real Estate Platform, and all relevant stakeholders, given the importance of combining efforts to achieve the law’s objectives. The platform’s establishment marks the beginning of efforts to implement this initiative.

El Sherbini noted the integration between the ministry and the platform regarding the offering and provision of data for the 400,000 housing units included in the latest offering. Databases for all units developed in new cities will also be made available on the Platform, which represents the second phase of this initiative. Cooperation will follow a set roadmap, progressing phase by phase to create a comprehensive database for real estate in Egypt.

He stated, “We aim to convert all manual transactions conducted by the new city authorities and ministry agencies regarding the units into electronic transactions in the coming period, in collaboration with The Official Egyptian Real Estate Platform. This is our ambition for the near future, to ensure a complete digital transformation of all transactions related to the units.”

During the meeting, El Sherbini received a detailed presentation on the working mechanism of the platform, comparable global experiences, the desired goals of launching the platform, and the expected outcomes for the Egyptian real estate sector.

He reiterated his commitment to providing full support to the Platform, aiming to regulate and govern the real estate system while developing new, constructive plans to attract and encourage foreign investment in Egypt, whether through real estate exports or marketing within the country.

For his part, Elbatrawy expressed his satisfaction with the meeting, noting that The Official Egyptian Real Estate Platform aims to regulate the presentation and trading of real estate products, as well as facilitate the rapid exchange of information in the real estate market regarding Egyptian products. It serves as an information center for Egyptian real estate, a database, and an integrated system that seeks to establish a central real estate market to facilitate transactions for stakeholders and citizens.