Hossam Heiba, CEO of the General Authority for Investment, announced that the authority is granting the Golden License to strategic PropTech projects to support real estate technology companies. This came during his participation in the “NeoGen” Conference for Real Estate Technology and Smart Cities, as part of efforts to attract foreign investment and strengthen digital transformation in the real estate development sector.
Heiba emphasized that the authority continues to develop the investment environment by updating laws to support advanced technology sectors, noting that the PropTech sector is considered strategic due to its role in enhancing the efficiency of real estate development, supporting digital cities, and attracting high-quality investments.
He explained that the authority manages investment incentives through a one-stop-shop approach that facilitates establishment and operations, while offering investment frameworks for technological and free zones. It also provides financial and tax incentives, including tax reductions and customs exemptions on equipment, in addition to supporting companies that focus on research and development and technology transfer.
He pointed to the strengthened role of the Startup Support Unit and the Dispute Resolution Center, which has led to a reduction in complaints and the creation of a stable investment environment that enhances trust between investors and government entities.
He concluded by stating that the authority’s role goes beyond offering investment incentives, as it is working to build an integrated ecosystem that brings together technology and real estate development to create added value for the national economy and the cities of the future.
