A foreign Arab coalition is in Egypt to implement a plan that will generate millions of dollars for the country

Egypt – A major Arab-foreign alliance is preparing, following discussions between the Egyptian Minister of Planning and Economic Development and the Chairman of the Board of Directors of the Sovereign Fund of Egypt, to implement major development plans.

The coalition plans to implement development files in the downtown area, starting with the National Party land and the old ministries’ buildings, which are intended to be exploited as soon as possible, to revive those historical areas that are of great importance in various investment fields.

The plan aims to provide greater job opportunities for young people while revitalizing the state treasury with dollar revenues that contribute to the growth of the economy at a faster and higher pace. Dr. Hala Al-Saeed moved to exploit, redevelop and rehabilitate assets, in partnership with the private sector, and this is what happened with the government proposals program, through partnerships with hotel companies, Ellip, Ethydco and Ezz Dekheila, while anticipating a number of important deals such as the Jebel El-Zeit station, Wataniya and Shell Out to revitalize the state treasury with new revenues. While maximizing benefit and increasing the productivity and revenues of these companies.

Nilos Hotel Services Company, affiliated with the Sovereign Fund, was given one approval to establish a 75-storey hotel, administrative and commercial tower on National Party land, while Nilos Residential Services Company was granted the establishment of a residential tower of 446 luxury residential units distributed over 50 floors on National Party land, according to an official decision. Published in the Egyptian Gazette.

According to press statements by the Minister of Planning and Economic Development and Chairman of the Board of Directors of the Sovereign Fund of Egypt regarding the Tahrir Complex, she said that it will be exploited by constructing a hotel and hotel apartments, in addition to commercial offices, and an entertainment complex, in cooperation with a private company, to make the most of the ancient building. Through new job opportunities for young people and stimulating tourism in the region while generating dollar revenues.

The Tahrir Complex is being redeveloped and rehabilitated, in cooperation with an American-Emirati alliance specialized in the rehabilitation and development of historical buildings. To make the most of these ancient buildings with strategic locations.

Source: RT