Arab Finance: Egypt has received seven local and international proposals to develop eight government headquarters located in Cairo, Minister of Planning and Economic Development Hala Elsaid told Asharq Business.

The government is seeking to offer these ministerial buildings, situated in the heart of Cairo and along the Nile Corniche, to private sector investors.

Evaluating the headquarters and the offers will be finalized in the second half (H2) of 2024, Elsaid added.

Earlier this year, President Abdel Fattah El-Sisi decreed the removal of the public benefit status of 13 government headquarters, transferring their ownership to the Sovereign Fund of Egypt (TSFE).

It is noteworthy that most ministries were relocated in the New Administrative Capital, 45 kilometers far from Cairo.

Egypt resolves 75% of Saudi private sector investment issues Updated 9/16/2024 3:38:00 PM

Egypt works on investment plan to offer Ras Banas to private companies Updated 9/16/2024 12:13:00 PM

REDCON Construction implements EGP 15B projects in North Coast Updated 9/16/2024 11:34:00 AM

China’s Gezhouba Group proposes logistics cargo city at Cairo Airport Updated 9/16/2024 9:46:00 AM

bp targets speeding up oil exploration in Egypt's Mediterranean fields Updated 9/16/2024 5:56:00 AM