Tuesday, November 4, 2025, 9:55 PM
Techno Time
×

Ahmed ElBatrawy: The Grand Egyptian Museum Model and Egypt’s Historic Opportunity to Build a Transparent, Digitally-Driven Real Estate Market

Tuesday 4 November 2025 13:24
Ahmed ElBatrawy: The Grand Egyptian Museum Model and Egypt’s Historic Opportunity to Build a Transparent, Digitally-Driven Real Estate Market

In a defining moment for Egypt’s economic and urban transformation, Ahmed ElBatrawy, Founder and Chairman of the official Masr Real Estate Platform, has called for leveraging the national momentum created by the opening of the Grand Egyptian Museum to usher in a new era of structured, transparent, and digitally-driven real estate development aligned with Egypt’s regional and global economic ambitions.

ElBatrawy said that just as the Grand Egyptian Museum showcases to the world a model that harmoniously blends heritage, innovation, and advanced management, Egypt’s real estate sector now stands before a similar opportunity — to become a new symbol of national capability, precision, and professional governance.

He noted that the Egyptian state has successfully executed landmark architectural and urban projects meeting international standards in recent years, creating a solid foundation for the next phase: building a well-structured real estate market based on data accuracy, transparency, and investor trust.

> “Egypt’s expansion in developing new cities and infrastructure is an outstanding achievement,” ElBatrawy stated. “But the next phase must go beyond physical construction. A regulated and transparent market is the true safeguard for citizens’ and investors’ rights, and the basis for a credible, professional investment environment.”

According to ElBatrawy, genuine market confidence cannot be achieved without a unified digital real estate system that consolidates ownership records, transaction histories, and verified property prices. He described this digital framework as a “national necessity for reform” that would unify data, eliminate inconsistencies, enhance decision-making, and strengthen investor confidence in Egypt’s real estate sector.

ElBatrawy identified four essential pillars for the sector’s transformation:

1. Regulating developers and real estate advertising to ensure credibility and consumer protection.

2. Unifying national real estate data for accuracy and consistency.

3. Activating escrow accounts to safeguard investor funds and guarantee project delivery.

4. Implementing a unified property identification and MLS (Multiple Listing Service) system to document all transactions, promote transparency, and eliminate price discrepancies.

He emphasized that these steps would enable Egypt to present a pioneering Arab model for real estate governance built on transparency, technology, and strong regulation — positioning the country as a regional hub for real estate data and investment intelligence in the Middle East.

> “Egypt stands before a historic opportunity to build a real estate market that reflects its modernization journey,” ElBatrawy concluded. “By maintaining reform momentum and embracing digital transformation, Egypt can establish a modern, competitive market aligned with Vision 2030, capable of attracting sustainable, high-value investments.”