Egypt issues standards for machinery and infrastructure
The General Authority for Financial Supervision in Egypt, headed by Dr. Islam Ezzam, has issued Egyptian standards for the first time to evaluate machinery, equipment, and infrastructure. The aim is to develop the non-banking finance markets and achieve greater transparency in valuation processes. These standards align with international standards (IVS) and help unify professional practices by providing a standardized framework for assessing productive and capital assets. This supports activities such as financing, leasing, and restructuring, while enhancing investor and financing institutions' confidence in the Egyptian market. The standards encompass multiple valuation methods based on market, income, and cost approaches, considering technical, environmental, and economic factors. They seek to improve the quality and accuracy of valuation operations within the sector.
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