– Egypt will offer seven to eight former ministerial headquarters for sale to investors in the second half of the current year, according to Minister of Planning and Economic Development Hala Elsaid.
– The evaluation process for these properties in Downtown’s ministerial precinct has been completed, and the government is now determining specifics before appointing an advisor for the sale.
– This initiative is part of Egypt’s broader strategy to attract investment and efficiently utilize public assets.
Egypt will begin offering seven to eight former ministerial headquarters for sale to investors in the second half of the current year, according to Minister of Planning and Economic Development Hala Elsaid.
Speaking to Asharq Business, Elsaid stated that the evaluation process for these properties, located in Downtown’s ministerial precinct, has been completed.
The government is now working on determining the specifics before appointing an advisor for the sale.
This initiative is part of Egypt’s broader strategy to attract investment and make efficient use of public assets.
The volume of foreign currencies in the reserves experienced substantial growth, reaching $36.5 billion in May 2024, up from $31.375 billion in April—an increase of $5.18 billion, according to the CBE
If you see something out of place or would like to contribute to this story, check out our Ethics and Policy section.
