Egypt is situated in the northeastern part of Africa. Its lush Nile River valley and delta served as the cradle for one of the major civilizations of the ancient Middle East and home to one of the world’s earliest urban and literate societies. The storied country is renowned for its historical significance in the fields of mathematics and engineering – strengths that continue today.
The Egyptian government is responsible for more than 1.3 million state property assets. As part of an initiative to preserve, manage and maximize ROI of Egypt’s property assets, the Ministry of Communications and Information Technology (MCIT), with the Administrative Control Authority and relevant state property asset authorities, was tasked with developing a digital database to manage them – an initiative that aligns with the government’s goal of digitally transforming state institutions.
Thanks to the geospatial information provided by the EDGE-Pro and Octave system, we have not only increased returns, but we are also further realizing our digital transformation goals.
Thanks to the geospatial information provided by the EDGE-Pro and Octave system, we have not only increased returns, but we are also further realizing our digital transformation goals.
The MCIT accomplished its goal with Octave partner EDGE-Pro using Octave Alto Enterprise (formerly M.App Enterprise) technology. The result was the State Assets Management System. Working together, EDGE-Pro and the MCIT deployed a new central system, with secure access given to every governmental institution. Using a mobile app, regional institutions took advantage of GIS technology and geographically located each property and recorded spatial data from the sites.
The MCIT now has a centralized database of comprehensive audited data that it interacts with via intuitive dashboards and reports. It has enabled the Egyptian government to identify underutilized and undervalued property assets and make informed decisions to optimize usage and the revenues they return, as well as decide which property assets to retain. This is further simplified by the automation of a process that evaluates and determines the fair market value of each property asset. The new approach has increased government rental returns by at least 15%.