Egypt's cabinet approves draft law on creating national real estate ID system-Xinhua

Egypt's cabinet approves draft law on creating national real estate ID system

Source: Xinhua

Editor: huaxia

2023-08-10 06:47:00

CAIRO, Aug. 9 (Xinhua) -- The Egyptian cabinet on Wednesday approved a draft law to establish a national ID system for real estate properties to assist in government planning and development processes, the state-run Ahram Online news website reported.

The draft law proposes setting up a national real estate database that will designate each property with a unique identifier linked to Egypt's unified base map, the report said, citing a cabinet statement.

The identifier will be determined by the Central Agency for Public Mobilization and Statistics, in coordination with the Ministry of Communications and Information Technology, as well as other relevant ministries and entities, the statement said.

Egyptian Prime Minister Mostafa Madbouly will decide on the specific entity responsible for the database's operational procedures, the report noted.

The new system is expected to enable the state to create a central database for real estate that may be used in licensing and ownership registration procedures and seeks to protect citizens' property and maximize their benefits.