Prime Minister Moustafa Madbouly chaired a meeting to discuss proposals for creating a dedicated entity to manage and operate Khedivial Cairo after its revitalization, Invest-Gate reports.

The initiative aims to ensure optimal utilization of the historic area, particularly following the relocation of government ministries to the New Administrative Capital.

Madbouly emphasized the government’s commitment to restoring Khedivial Cairo and preserving its cultural and architectural heritage. He noted that many countries have successfully revitalized historic areas by establishing independent entities to oversee management and operations. “We are exploring a similar approach to maximize the potential of Khedivial Cairo while maintaining its historical significance,” said Madbouly.

The Prime Minister directed relevant authorities to study the proposal, forming a working group led by the Cabinet’s Advisory Board to develop a comprehensive implementation framework.

Housing Minister Sherif El Sherbiny outlined the strategic roadmap for Khedivial Cairo, which includes establishing an institutional framework for asset management and fostering investment in the area. “The proposed administrative entity will focus on improving the investment environment and attracting sustainable development opportunities,” he stated.

El Sherbiny also presented case studies of international models for managing central urban areas and shared a financial and investment analysis for various proposed uses of Khedivial Cairo. The roadmap includes plans for tourism development, marketing strategies, and socio-economic impact assessments, along with studies on traffic and infrastructure implications.

The initiative aims to position Khedivial Cairo as a premier cultural and tourism hub, preserving its legacy while contributing to Egypt’s economic growth.