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Housing Ministry Starts E-wallets for FDI Firms
The Ministry of Housing has begun activating the electronic wallet system for registered companies on the Foreign Investment Portal at the New Urban Communities Authority, starting from September 17, 2026. The goal is to organize and improve the process of transferring funds and to reduce potential issues and delays. The system involves assigning a unique code to each company for receiving SWIFT transfers, with a deadline for loading the wallets and approving transfers set for October 31, 2026. This will enable companies to utilize their balances in real estate offerings beginning in November 2026. The purpose of this system is to enhance the efficiency of the foreign investment framework and to streamline financial transfer operations more effectively.
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