“Recovered and Seized Assets Management Authority” aims to protect and develop state assets

Optimizing the utilization of state assets to achieve the highest possible economic returns with maximum quality and minimal cost
State assets worth EGP 1.2 billion recovered; additional EGP 1.4 billion generated for the treasury
Creating new investment opportunities for the private sector through stronger, more competitive partnerships in economic and real estate development
Strengthening cooperation with developers and investors to maximize the value of real estate assets through economically viable investment mechanisms
Coordination with the Ministry of Local Development on field surveys, asset recovery, and accelerating the legalization of informal holdings

 

Dr. Mohamed Soliman Koura, Executive Director of the Authority:
A unified database for state assets and improved management of gold holdings and antiquities
Leveraging modern technology to enhance governance and management of state assets and improve operational efficiency
Utilizing digital analytics and artificial intelligence to monitor and assess assets, risks, and encroachments
E-auctions for sale and lease to broaden competition and secure the highest returns
Contracting with eFinance to electronically disburse court-awarded compensations
Two branches of the Authority established in Alexandria and Qena

 

Ahmed Kouchouk, Minister of Finance, affirmed that efforts are underway to enhance the efficiency of state asset management in partnership with the private sector. He explained that the “Recovered and Seized Assets Management Authority” aims to protect and develop state assets in a way that ensures optimal utilization and maximizes economic returns with the highest quality and lowest cost. The minister added that, through the Authority, state assets worth EGP 1.2 billion have been recovered, while additional revenues of EGP 1.4 billion have been generated for the treasury. He noted that the government is working to create new investment opportunities for the private sector through stronger and more competitive partnerships in economic and real estate development. He further emphasized the government’s commitment to strengthening cooperation with developers and investors to maximize the use of real estate assets through economically viable investment mechanisms, pointing to ongoing coordination with the Ministry of Local Development on field surveys, asset recovery, and accelerating the legalization of land possession statuses. Dr. Mohamed Soliman Koura, Executive Director of the “Recovered and Seized Assets Management Authority,” confirmed the establishment of a unified database for state assets, alongside efforts to improve the management of gold holdings and antiquities. He noted the Authority’s commitment to leveraging modern technology in governance and asset management to enhance operational efficiency, as well as utilizing digital analytics and artificial intelligence to monitor and assess assets, risks, and encroachments. He added that electronic auctions are being implemented for both sale and leasing processes to expand the pool of bidders and secure the highest possible returns. He also highlighted the Authority’s contract with eFinance to enable the electronic disbursement of court-awarded compensations. Koura stated that two branches of the Authority have been established in Alexandria and Qena, contributing to improved performance quality, achievement of targets, and optimal utilization of state assets.