Egypt’s Prime Minister Mostafa Madbouly said that the new unified real estate ID system, under development, seeks protect citizens' property and maximize their benefits.
It would also help control the real estate market, end unlicensed building and eliminate slums, Madbouly added during a meeting to follow up the efforts under way for completing the new system, which is expected to assist in the government's planning and development processes.
The ministers of justice, telecommunication, local development and housing attended the meeting, along with President of the Central Agency for Public Mobilization and Statistics (CAPMAS) Khairi Barakat, Deputy Telecommunication Minister for Administrative Development, Digital Transformation and Automation Khaled El-Attar.
The new system enables the state to take inventory of real estate wealth and create a central database that may be used in licensing and ownership registration procedures.
Briefing the premier on the project implementation status, Telecommunication Minister Amr Talaat said that the project aims to create a spatial data infrastructure (SDI) for real estate inventory and development.
It will also help in streamlining licensing and ownership registration procedures, while keeping land encroachments in check, which will further strengthen the rule of law, improve Egypt's ranking on global Information and communications technology (ICT) indices and stimulate foreign investments, the minister added.