Government considers offering international tender for Maspero development

The government is considering offering an international tender to establish an overall scheme for developing the Maspero area in Cairo under the supervision of the minister of housing, utilities and urban development, according to Prime Minister Ibrahim Mehleb.

Mehleb tasked the minister on Saturday with hiring a project manager to coordinate among various ministerial agencies and follow up on preparing a document to be signed by residents, the government, and investors within three months. The manager will also follow up the overall development scheme and the different stages of implementation.

Decisions to demolish buildings in the Maspero area were issued to residents recently as the buildings formed a threat to their lives.

The total population of the area before the 25 January Revolution was 35,000, but selling prices have skyrocketed due to Gulf investors owning the land.