Egypt to receive rehabilitated Tahrir Complex building in 2024

Hawas made these remarks during her speech to the American Chamber of Commerce (AmCham) members in the event they organized later on Tuesday under the title: “Unlocking Business Opportunities within Egypt’s Cultural Heritage Tourism.”

She noted that the project aims to repurpose the building to be a unique five-star hotel with 450 rooms included.

The owner of the building is The Sovereign Fund of Egypt (TSFE).

In September 2020, Egypt’s President Abdel-Fattah El-Sisi issued a decree canceling the public benefit status of several public properties, including the Tahrir Complex.

The decree transferred the ownership of these public properties to the TSFE so that untapped state buildings could be reused.

In August 2022, the CairoHouse development consortium signed partnership agreements to develop and rehabilitate the iconic building with investments exceeding $200 million.

CairoHouse is a US consortium led by Oxford Capital Group, Global Ventures Group, and Al-Otaiba Investments.

Hawas stressed that the current laws that govern the construction and the use of the archaeological buildings are not enough to preserve this wealth, urging the concerned bodies to consider this challenge for better use of these buildings.

She also called on the owners and residents of the archaeological and old buildings to support both the government and the private sector for better reuse of these buildings instead of demolishing them.