Abu Dhabi, January 12 (WAM) -- The Ministry of Finance (MoF) today officially announced the launch of the Federal Government Real Estate Assets Platform, a centralized digital platform that aims to document and update the data of real estate assets belonging to the Federal Government, in accordance with the highest standards of transparency and efficiency.

This came during a special ceremony attended by H.E. Younis Haji Al Khouri, Undersecretary of the Ministry of Finance, and H.E. Maryam Mohammed Al Amiri, Assistant Undersecretary of the Government Financial Management Sector, along with a group of representatives of federal entities, government officials, and experts in asset management and digital technologies.

The ceremony included a panel discussion on the role of artificial intelligence in the management of government assets, in addition to an interactive presentation demonstrating the practical use of the platform and its technical advantages.

The launch of the platform comes in response to the requirements of Article (18) of Federal Decree-Law No. (35) of 2023 on the Federal Property, which stipulates the establishment of an electronic platform dedicated to the registration of real estate assets for the Federal Government. The platform aims to establish an integrated system for managing federal assets in accordance with the policies and procedures adopted for the management of fixed assets and leases at the federal government level.

It seeks to support good governance practices by simplifying and accelerating procedures and reducing bureaucracy, in line with the country's trends towards adopting effective digital solutions in asset management.

The platform relies on a unified centralized digital architecture that allows federal entities to manage their real estate asset data with high accuracy, while integrating with other government systems to enhance efficiency and facilitate procedures.

The platform provides dedicated mechanisms for updating real estate data, in addition to issuing periodic reports and key performance indicators that contribute to supporting accurate informed decision-making.

The platform's interface is simple and reliable, ensuring an efficient and flexible user experience for all stakeholders involved in managing federal government assets.

H.E. Younis Haji Al Khouri stressed that the launch of the platform reflects the Ministry's commitment to comprehensive digital transformation in the management of government resources and assets, in line with the visions of the wise leadership and the country's directions towards leadership in various fields, as it allows to enhance operational efficiency and rationalize expenses through process automation and simplification of procedures.

He pointed out that the platform represents a qualitative leap in the organization, governance and management of real estate assets at the level of the Federal Government, as it contributes to enhancing governance and transparency by providing accurate and up-to-date data that is reliable in formulating policies and making strategic decisions related to the management of real estate assets for the Federal Government.

Khoury added: "We are keen that this step will be an extension of the Ministry's initiatives in the field of government financial management, and will pave the way for a more sustainable and efficient future in the management of federal government assets, in support of the UAE's development goals in the coming years."

For her part, H.E. Maryam Mohammed Al Amiri stressed that the platform came in response to a real need to unify the data of federal real estate assets, improve their quality, and link them to the relevant financial and operational procedures, in order to ensure the accuracy and speed of access to information, and to support the efficiency of planning and spending in federal entities.

She explained that the Government Financial Management Sector was keen to make the platform a practical and easy-to-use tool that allows federal entities to register and update their real estate assets data according to unified classifications, manage leasable spaces, and process various requests through automated procedures that reduce time and effort and enhance transparency and governance.

The platform is a strategic tool that allows federal entities to register, track, and manage real estate in an orderly manner, as it is designed in a sequence that facilitates classification and review, as well as a range of digital services that raise the efficiency of real estate operations at the federal level.

The launch of the platform represents a qualitative step towards building an integrated federal government asset management system that strengthens the UAE's position as a global leader in government financial management, and supports its vision for sustainability and innovation in the government sector