El-Sherbiny emphasized that both real estate export and market regulation are top priorities for the current period, urging swift action and coordination to achieve tangible results. He highlighted the importance of these initiatives, particularly the export of Egyptian properties, to meet the demands of Egyptians living abroad and to attract foreign investors. This aligns with the state's broader strategy to increase real estate exports and draw in more investments, supported by the implementation of a unified national real estate ID system.
The minister detailed ongoing coordination with the Ministry
of Communications to activate the unified national real estate ID across all
units, and to integrate the "Egypt Real Estate Platform" with the
"Real Estate Export Platform." He also outlined plans for a robust
mechanism to regulate real estate marketers, including setting standards,
criteria, and issuing licenses for qualified companies and individuals. This
regulatory role, he said, is central to the Real Estate Market Regulation Unit,
which will also oversee governance procedures and demand monitoring.
El-Sherbiny directed the unit to establish a clear mechanism
for engaging with real estate marketing companies, setting specific targets for
its activation. He stressed the need to communicate this new framework to all
developers operating in the Egyptian market, adding that the unit could benefit
from the input of real estate developers themselves.
For the Real Estate Export Unit, El-Sherbiny discussed various incentives to attract both Egyptian expatriates and foreign investors. He underscored the importance of translating the dedicated real estate export platform into multiple languages and ensuring its seamless integration with the "Egypt Real Estate Platform." He also called for a clear regulatory vision for this sector and close coordination with all relevant ministries and government bodies.