Egypt’s FRA to regulate real estate platforms 

Egypt’s Financial Regulatory Authority (FRA) is preparing a new framework to regulate electronic platforms operating in the real estate sector, as part of efforts to formalise business models and widen access to non-bank financing, FRA Chairman Mohamed Farid said on Monday.

Speaking at the 5th Akhbar Al-Youm Real Estate Conference, Farid said the non-banking financial sector is ready to support Egypt’s urban development plans through tools including stock market listings, bond sales, securitisation, and sukuk. He noted that the New Urban Communities Authority (NUCA) has led with 60 billion Egyptian pounds in securitisation bond issuances over the past two years.

Farid added that several digital platforms have applied to legalise their operations, proposing the creation of two entities: one to manage a real estate investment fund, and another to handle promotion, underwriting, and fund management.

He said listings on the Egyptian Exchange (EGX) have helped developers attract investment, expand operations, and strengthen governance. Recent updates to accounting standards, including the use of fair value assessments for real estate assets, are also improving financial reporting and investment decision-making, he added.

Attribution: Amwal Al Ghad English

Subediting: Y.Yasser