El-Sheikh said that EGX has already finished the basic system for the real estate bourse, as well as the settlement and linkage system with the real estate registry. The real estate bourse is a private market for transferring and trading real estate assets. It also enables investors and real estate companies to buy and sell shares in real estate assets or invest in specific real estate projects. He added that EGX started negotiations with the Real Estate Registry to launch a real estate registration unit within EGX’s headquarters. He emphasized that the real estate bourse will work in integration with real estate funds, which will help stimulate growth opportunities for the sector and its integration with investment funds and real estate companies.

Source: Daily News Egypt October 24, 2023 23:00 UTC