Egypt’s government is doing its best to enhance the management of state assets through partnerships with the private sector to maximise economic returns, Finance Minister Ahmed Kouchouk said.
The Recovered and Seized Funds Management and Disposal Authority aims to safeguard and develop state assets while ensuring their optimal use at the highest quality and lowest cost, he added.
Through the authority, assets worth LE1.2 billion have been recovered, while an additional LE1.4 billion in revenues has been transferred to the state treasury.
Kouchouk added that the government is creating new investment opportunities by strengthening partnerships, particularly in economic and real estate development, while boosting co-operation with developers to better utilise state-owned assets.
Coordination is also underway with the Ministry of Local Development to accelerate land legalisation and asset recovery.
Executive Director Mohamed Suleiman Qoura said a unified database for state assets has been established, alongside improved management of gold reserves and antiquities using modern technology, including digital analysis and artificial intelligence.
He noted that electronic auctions are being used for asset sales and leasing to enhance competition and maximise value, in addition to co-operation with e-Finance for digital compensation payments. The authority currently operates branches in Alexandria and Qena to support efficiency and performance.
