Prime Minister Mostafa Madbouly stressed on Tuesday, May 12, 2026, the importance of the real estate development, construction and building sector as a key driver of economic growth and job creation. During a meeting to follow up measures aimed at regulating the real estate market, Madbouly underlined the urgent need to organize the sector in a way that supports the State’s comprehensive development strategy, enhances transparency and protects the rights of investors, developers and citizens alike.
The meeting was attended by Housing Minister Randa El Minshawy, Justice Minister Mahmoud Helmy El Sherif, Deputy Housing Minister Walid Abbas, Urban Development Fund Chairman Khaled Seddiq and the fund’s deputy chairman Mostafa Abdel Wahab. The prime minister said the government is also working on establishing a comprehensive real estate market database that would help eliminate irregular developers from the sector.
Cabinet spokesman Mohamed El Homsany said the meeting reviewed a proposal to establish a unified entity for all real estate developers aimed at regulating the sector, protecting buyers and ensuring compliance with governance and transparency standards. The proposed entity would classify developers according to their financial and technical capabilities to prevent underqualified companies from undertaking major projects, thereby safeguarding buyers’ rights and preserving the reputation of serious developers, El Homsany added.
He noted that the State seeks to ensure the sustainability of the sector and avoid disruptions that could damage its credibility, particularly delays in project delivery or failure to meet contractual obligations. The meeting also reviewed preparations for a legislative and institutional framework to regulate the real estate market in a manner balancing the rights of the State, developers and customers, while supporting efforts to promote real estate exports and develop the sector.
Madbouly also directed the preparation of a comprehensive inventory of unused land plots and vacant residential units nationwide, alongside studying mechanisms for their utilization to accelerate development, increase occupancy rates and expand real estate supply.