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Cairo & Neighborhoods
Cairo & Neighborhoods

Hisham Tawfik: “Vacating 7900 Apartments Owned by ‘Real Estate Assets’ to Re-rent and Develop Them”

The Ministry of Public Business Sector announced that it was vacating several buildings it owns in Khedival Cairo in preparation for offering them to the private sector for development. Hisham Tawfik, Minister of Public Business Sector, revealed that the ministry was vacating several apartments owned by Misr Real Estate Asset Management, one of the subsidiaries of the Insurance Holding Company, in preparation for developing them through a public offering or by offering them to a group of qualified investors with a vision for dealing with heritage buildings and a commitment to the fundamentals that must be observed when developing this type of building …

Mar 10, 2020•3 min
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