Monday, 25 May 2026
Egyptian Prime Minister reviews efforts to optimize management of Waqf assets
Egyptian Prime Minister Dr. Mustafa Madbouly held a meeting today with Dr. Osama Al-Azhari, Minister of Endowments, to discuss the ministry’s initiatives, particularly the management of waqf (endowment) assets by the Egyptian Endowments Authority.
Prime Minister Madbouly emphasized the importance of ongoing efforts to document and inventory the authority’s diverse assets to maximize their optimal use. He underscored the need for efficient management to enhance investment returns from these properties.
During the meeting, Minister Al-Azhari outlined the authority’s progress in cataloging and documenting waqf assets, including collaboration with relevant state entities to create precise inventories and digital maps. These efforts aim to ensure that all transactions involving waqf properties are exclusively managed by the authority.
He also highlighted strategies to maximize the value of these assets, including identifying promising investment opportunities to ensure their effective utilization.
Mr. Khaled El-Tayeb, Chairman of the Egyptian Endowments Authority, reported that the authority oversees more than 12,800 waqf properties nationwide. He provided details on their geographical distribution and classifications, including real estate and personal registries.
Field visits across various governorates have been conducted to assess challenges and devise solutions to enhance the investment potential of these assets.
The authority is also developing plans to improve real estate and agricultural land management, as well as exploring innovative investment approaches in collaboration with specialized companies and real estate developers.
These initiatives aim to modernize the investment framework and introduce new opportunities for growth.
The meeting reflects Egypt’s commitment to leveraging its waqf assets to drive economic development and ensure their sustainable management for future generations.