NUCA, Banque Misr, eFinance partner to streamline Egyptian expat home purchases

Egypt’s New Urban Communities Authority (NUCA), Banque Misr, and eFinance signed an agreement Sunday to facilitate digital payments for Egyptians abroad purchasing property.

The move supports the newly-launched Your Home in Egypt Initiative, which offers flexible payment plans and competitive pricing for homes bought in foreign currency. The agreement will allow for secure and efficient transactions via multiple channels, including bank transfers, currency exchange, and online payments.

By integrating advanced digital payment solutions, the government seeks to remove financial barriers, attract more real estate investment from expatriates, and strengthen ties between Egyptians abroad and their home country.

Attribution: Amwal Al Ghad English