Thu, 16 Jul 2020 - 12:08 GMT
Tahrir Square- CC via Flickr
CAIRO - 16 July 2020: Ministers Khaled Anani of Tourism and Antiquities, Hala el Saeed of Planning and Asem el Gazzar of Housing reviewed means of developing the Tahrir complex in Downtown Cairo.
During a virtual meeting on Thursday, Anani said talks with investors reached a conclusion that the complex can be a multi-purpose building, including cultural and commercial activities.
Anani said the 14-storey building can include a huge shopping mall in the first floor in addition to a two-storey huge parking lots.
The building can also include banks, restaurants alongside a touristic hotel, he added.
For her part, Saeed noted that Prime Minister Moustafa Madbouli gave directives to swiftly review technical and financial offers presented by investors.
The development of the Tahrir complex falls within the framework of the government’s plan to benefit from state buildings and boost investment opportunities.
Meanwhile, Gazzar underlined the importance of examining investment offers from various perspectives so that the state would benefit from upgrading the Tahrir complex.
The executive director of the Egypt Sovereign Fund Ayman Soliman said talks are underway with the US ambassador on trademarks and international shopping malls that can invest in Egypt.
He added that an American company – which has developed one of the largest malls in Saudi Arabia – showed its interest in investing in renovating the Tahrir complex.
He noted that the main reason behind upgrading the Tahrir complex is to attract more investments. (MENA)