The Investment Authority stated that global real estate technology (PropTech) companies are considered among the strategic sectors that combine technology and real estate.
These companies play a key role in improving the efficiency of real estate development, supporting the digital transformation of new cities, and attracting high-value investments. This comes within the framework of Egypt’s Vision 2030 and the state’s efforts to promote the concept of smart cities and develop digital infrastructure.
Hossam Heiba, Chairman of the Investment Authority, participated in the NeoGen Conference for Real Estate Technology and Sustainable Smart Cities, which was organized under the patronage of the Canadian Chamber of Commerce and attended by government officials and business leaders. This participation comes as part of Egypt’s ongoing efforts to attract foreign investments and support digital transformation in the real estate development sector.
Heiba explained that the technological trend is characterized by its non-traditional nature and rapid evolution, which requires the adoption of flexible legislative and regulatory policies that keep pace with this transformation.
He added that the Ministry of Investment and Foreign Trade, represented by the General Authority for Investment and Free Zones (GAFI), continuously seeks to update and develop the business environment by issuing laws and regulations that support this modern approach. He also stressed that supporting advanced technological sectors represents a priority for the Egyptian state at this stage.
He pointed out that GAFI manages and coordinates investment incentives through mechanisms such as the one-stop-shop model, in addition to providing the Golden License for strategic PropTech projects.
This license aims to facilitate establishment and operation processes, simplify digital registration and licensing procedures, and ensure smoother market entry. He also noted the availability of diverse investment systems, including technology zones, free zones, and investment zones, depending on the nature of the activity.
He stated that companies operating in this field can benefit from distinguished financial and tax incentives, including tax deductions on investment costs, exemptions from stamp duty and notarization fees, as well as simplified customs systems for equipment and software.
He also referred to additional incentives for companies that focus on research and development, knowledge and technology transfer, or those that support cooperation between real estate developers and technology companies.
In conclusion, the Chairman of the Authority emphasized its commitment to activating the role of the Permanent Support Unit for startups and strengthening the work of the Investor Dispute Settlement Center, given their importance in supporting the investment climate and ensuring investor stability.
He also noted a noticeable decline in the number of complaints and issues received during the recent period compared to previous stages, reflecting the success of the integrated system implemented by the state and its effective ability to address investor challenges and build trust with government entities.
