It will create a unified and central database for all types of real estate
Prime Minister Mostafa Madbouly states importance speeding up the development and implementation of Egypt’s real estate inventory and property management system, which is aimed at conserving property ownership and ensuring ease of services.
During Sunday’s cabinet meeting, Madbouly followed up on the real estate inventory project that will also help in providing official national numbers for the amount of real estate units in Egypt.
The real estate inventory and property management system will create an accurate spatial database that will integrate with the information infrastructure project as part of Egypt’s digital transformation plan.
The prime minister added that it will contribute to the reduction of violations and infringements while also enhancing Egypt’s information technology (IT) system in attracting global investments.
Minister of Communications and Information Technology Amr Talaat has stated that the system will aim to achieve rational management of the country’s real estate.
It will create a unified and central database for all types of real estate, which will define building requirements in localities and urban communities, alongside licensing data and violations for each property, he added.
The new system will gather ownership data, determine the value of real estate taxes, outline the administrative division of each state entity, and collect data on utility consumption such as water and gas.
Talaat stated that the new property management system will divide the land within Egypt’s borders into a number of overlapping squares, and that the system will be applied first on Port Said Governorate.