Minister of Housing, Utilities, and Urban Communities Assem El Gazzar has presented to a group of investors the various joint venture (JV) opportunities in Historic Cairo, namely projects being developed by the housing and antiquities ministries, Invest-Gate reports.
This came during a meeting held in the presence of Antiquities Minister Khaled El Anani, who affirmed that the state provides all the necessary facilities and extends a helping hand to any investor keen on participating in such an expansive development process, according to a ministerial statement on September 18.
This includes the renovation of Fustat and Ain El Sira Lake, coming alongside the National Museum of Egyptian Civilization (NMEC), together with the restructuring of Magra El Oyoun aqueduct in Old Islamic Cairo as well as the Grand Egyptian Museum (GEM), adjacent to Giza Pyramids, El Anani explained.
This comes on top of other major projects that provide multiple opportunities for partnership between the public and private sectors, while pitching in the revival of Egypt’s standing as a cultural and historical hub, in line with the state’s economic and developmental plans.
Meanwhile, investors presented their perceptions and dissertations toward taking part in the implementation and operation of those key projects, particularly due to their game-changing nature.
Back in June, El Gazzar had mandated the swift preparation of drawings for the restoration of ancient Saqqara archaeological area before the end of June, coming up to provide an array of services to potential visitors and contribute to the growth of inbound tourism as a result.