Workshops 7 & 8: Most Relevant Doing Business Indicators

27-03-2019

Speakers

Mostafa Ghaly, Adly Thoma, Khaled Derbala, and May Abdel Hamid

The seventh workshop discussed digital transformation in starting businesses and the most important reform efforts undertaken by the State in this regard. The starting business index, one of the indicators of the annual Doing Business report issued by the World Bank and the International Finance Corporation, measures the ease of starting small and medium enterprises that are fully owned by citizens in different countries, as it measures the number of procedures, time, cost and paid-in minimum capital requirement, and it is based on the opinion of the private sector conveyed through questionnaires collected annually.

The eighth workshop discussed digital transformation in the real estate sector. It reviewed the steps of digital transformation in the Mortgage Finance Fund over the past period. In the past, applications for social housing units had to be submitted via the post, the examination of which would take from 6 to 8 months. Now, applications are submitted online through the Fund’s portal. The customer service centers are to be phased out and only call centers will remain in effect.

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