Former Interior Ministry Office to Be Converted to Three-Star Hotel
As well as a hotel, the building will also be home to a ‘creativity centre’ alongside several administrative offices.
The Ministry of Planning and Economic Development has announced that the former Ministry of Interior building in Downtown Cairo will be transformed into a three-star hotel and ‘creativity centre’, as part of wider plans to convert now-defunct government offices in central Cairo through various development projects.
Dr. Hala Al Saeed, Minister of Planning and Economic Development, revealed that the ownership of 20 government real estate assets have now been transferred to the Egyptian Sovereign Wealth Fund. 12 of these assets are former government ministry headquarters in Downtown Cairo, including the former Ministry of Foreign Affairs building, as well as the Tahrir Complex, also known as the Mogammaa.
The development of these assets has been made possible due to the relocation of government ministries to the New Administrative Capital, and with many of the unused buildings located on prime real estate, the Sovereign Wealth Fund has already received offers from Egyptian ad foreign investors to manage their development. The development of the Tahrir Complex is already under way, fuelled by a USD 200 million investment from UAE-based Al Otaiba Investment. The building will be converted into an international-spec hotel known as ‘Cairo House’.
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