Egypt\u2019s Cabinet denied reports claiming that the Egyptian sovereign fund (Tahia Masr Fund) would sell the state-owned Tahrir Complex to foreign investors, announced the Media Center of the Cabinet in a statement.<\/p>\n
The complex is not for sale to any Egyptian or foreign investors and it is completely owned by the fund.<\/p>\n
After contacting officials at the Tahia Masr Fund, the Cabinet said that the fund affirmed that the Tahrir complex will be developed in cooperation with partners, not investors.<\/p>\n
Those partners\u2019 role is to only develop the complex to be a multi-purpose building, the cabinet added.<\/p>\n
The Gamal Abdel Nasser-era structure overlooks the square, attracting thousands of visitors a day to finish paperwork. The square, which is close to the Nile Corniche, leads to several landmarks, including the Egyptian Museum, the Khedive-era downtown, Qasr el-Nil Bridge, and other areas that are all important tourist attractions.<\/p>\n
The government also aims to turn the complex into a large shopping mall, with the first floors used as a garage, the middle floors dedicated for banks and restaurants, and the upper floors used as a hotel to better benefit from the magical view.<\/p>\n
Egypt Today<\/p>\n","protected":false},"excerpt":{"rendered":"
Egypt\u2019s Cabinet denied reports claiming that the Egyptian sovereign fund (Tahia Masr Fund) would sell the state-owned Tahrir Complex to foreign investors, announced the Media Center of the Cabinet in a statement. The complex is not for sale to any Egyptian or foreign investors and it is completely owned by the fund. After contacting officials […]<\/p>\n","protected":false},"author":40,"featured_media":224552,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[7863],"tags":[2484,53736,71655,71654],"class_list":["post-224551","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-english-section","tag-egypt","tag-nile-corniche","tag-qasr-el-nil-bridge","tag-tahrir-complex"],"yoast_head":"\n