Egypt has recovered state assets valued at EGP 1.2bn and generated an additional EGP 1.4bn in treasury revenues, Finance Minister Ahmed Kouchouk said on Monday, citing efforts led by the Asset Recovery and Seizure Management Authority. Kouchouk also stressed the importance of strengthening collaboration with developers and investors to better leverage real estate assets through investment mechanisms that create sustainable economic value. He noted ongoing coordination with the Ministry of Local Development on field surveys, asset recovery efforts, and accelerating the legalisation of informal land use. Mohamed Qoura, Executive Director of the Asset Recovery and Seizure Management Authority, said a unified database of state assets has been established, alongside measures to improve the management of gold reserves and antiquities. Qoura noted that the authority operates two regional branches in Alexandria and Qena, supporting improved performance, target achievement, and the efficient utilisation of state assets.

Source: Daily News Egypt March 23, 2026 13:42 UTC