UAE Coalition Wins Bid for Development of National Party HQ Building
The development plans for the site include a hotel, commercial and residential components, as well as apartments for sale.
Soliman disclosed that a foreign coalition, primarily comprising UAE entities, emerged as the winning bidder after competing against three other coalitions, with the final signing of the agreement expected to occur soon. In January 2023, the Egyptian government announced that the former headquarters of the National Party would be demolished, with a portion of the land given to the nearby Egyptian Museum in Tahrir. The development plans for the site include a hotel, commercial and residential components, as well as hotel apartments or apartments for sale.
Sovereign Fund of Egypt CEO Ayman Soliman has revealed key details about an upcoming land deal involving the plot of land that had once belonged to the headquarters of the National Party in Downtown Cairo during an interview with Amr Adib.
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Nov 04,2024
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