The government is preparing to establish a new real estate company in partnership with the Ministry of Finance, the Suez Canal Authority, the Universal Health Insurance Authority, and private investors, a senior Ministry of Finance official told Al Manassa. The firm will develop residential ownership, rental, and rent-to-buy projects across Cairo and several new cities.
The government is preparing to establish a new real estate company in partnership with the Ministry of Finance, the Suez Canal Authority, the Universal Health Insurance Authority, and private investors, a senior Ministry of Finance official told Al Manassa on the condition of anonymity.
The joint-stock firm will develop residential projects for ownership, lease, and rent-to-own schemes across Cairo and several new cities.
Authorized under the recently published the Prime Minister’s Decree No. 1864 of 2026, the company—which is currently under formation—will manage, develop, and invest in state-owned real estate assets. The move marks an escalation in Cairo’s efforts to tap independent public coffers for commercial returns as regional economic disruptions squeeze traditional state revenues.
The official noted that the firm will operate strictly on a commercial basis to maximize the utility of state property.
To prepare for immediate operations, authorities are conducting an extensive inventory of viable state-owned land to anchor the initial phase of development.
Although the initiative will target various social classes by providing both middle-income and commercial housing, the official emphasized that the state will not abandon its profitability metrics.
The inclusion of the Suez Canal Authority underscores a broader government strategy to mobilize cash-rich infrastructure bodies, following a controversial 2022 draft law that permitted the authority to establish its own economic development fund. That legislative pivot originally triggered domestic fallout due to the high geopolitical sensitivity surrounding the waterway.
