The Arqa Developments, a giant real estate developer, launches in partnership with FABMisr, a subsidiary of the First Abu Dhabi Bank Group (FAB), is one of the largest foreign banks operating in Egypt, a digital real estate initiative offering online banking services to customers, a senior company official said.
Ahmed Gamal, CEO of Arqa Developments, added that the initiative is part of the company’s vision for supporting the digital transformation process in Egypt, and thus achieving the concept of financial inclusion.
Gamal urges in this regard real estate developers working in Egypt to participate in the initiative as soon as possible, to support the sustainable development goals by utilization of information technology and telecommunications in the real estate market.
“The initiative aims to create a suitable environment for technological creativity and entrepreneurship via saving the time and efforts of both customers and employees, through automating and digitizing the procedures followed in the payment processes,” Gamal noted.
He added that the service enables customers to pay all of their installments in an easy and secure way, save online account statements of their transactions instead of traditional paper statements.
“Now and in easy steps, customers can check financial data and carry out full and partial payments of installments,” Gamal noted, pointing out that the service also provides the ability to authorize persons to pay on the customers’ behalf, without having access to any data pertaining to the unit or previous payments.
Ahmed Ziadeh, head of the marketing sector at Arqa developments, said work with First Abu Dhabi Bank was under way for several months to finalize this digital system so as to be operated professionally and achieve the highest level of customer satisfaction and to comply with the policies of the state in real estate market development operations, especially through technology and digital transformation.
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