Prime Minister Mostafa Madbouly stressed the government's strong commitment to regulating the real estate market and tightening its governance mechanisms, describing the sector as a key pillar of the national economy. His remarks came during a meeting held on Thursday, May 21, 2026, at the government headquarters in the New Capital to follow up on measures aimed at regulating the real estate market, in the presence of Minister of Housing, Utilities and Urban Communities Randa El-Menshawy, Deputy Housing Minister for Urban Communities Walid Abbas and officials from relevant bodies.
He said the government seeks to ensure the sustainability of the real estate sector and protect it from unregulated practices that may be carried out by some parties. For her part, Menshawy reviewed a draft law aimed at governing and regulating the real estate development sector, alongside establishing an official entity for real estate developers and classifying them according to specific standards and regulations.
She said the move comes within the framework of the state's efforts to enhance the investment climate, preserve the sector and protect citizens' rights. The Minister explained that the proposed organizational structure for the developers' entity is based on a governance model similar to that of the Egyptian Federation for Construction and Building Contractors, including mechanisms for classifying developers based on defined criteria.
Menshawy also stressed that the New Urban Communities Authority has strict contracts and internal regulations in place to deal with any violations committed by developers, in a way that guarantees the rights of both the state and citizens and enhances the competitiveness of Egypt's real estate market regionally and globally.
She added that specific regulations will be introduced to prevent financially or technically unqualified developers from entering the market, while also ensuring commitment to delivery schedules and avoiding delays that could harm the sector's reputation. The Minister said the planned measures aim to strike a full balance between the rights of the state, clients and serious developers, while safeguarding the sustainability of investments in the vital industry.