State-owned Misr Real Estate Assets Management (MREAM) has completed maintenance and development works on 12 historical properties in Khedivial Cairo, the media office told Invest-Gate.

The step comes as first phase of developments to historical properties in the heart of Cairo, also called Khedivial Cairo.

The first phase was sponsored by investments worth EGP 5 mn. The total cost of maintenance works is EGP 15 mn, as per cabinet’s recommendation for a national project developing and maintaining sites with outstanding architectural specifications.