{"id":565464,"date":"2021-04-11T13:58:15","date_gmt":"2021-04-11T13:58:15","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/11\/mogamma-building-overhaul-to-be-completed-asap\/"},"modified":"2021-04-11T13:58:15","modified_gmt":"2021-04-11T13:58:15","slug":"mogamma-building-overhaul-to-be-completed-asap","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/11\/mogamma-building-overhaul-to-be-completed-asap\/","title":{"rendered":"Mogamma building overhaul to be completed ASAP"},"content":{"rendered":"<p><a class=\"content-anchor\" id=\"tldr-story-03\"><\/a> <strong>And speaking of the SFE, the fund is expected to reach an agreement with a private <\/strong><strong>sector partner to repurpose the Mogamma Tahrir building by 3Q2021<\/strong>, Planning Minister and SFE Chairperson Hala El Said said in a <a href=\"https:\/\/ent.news\/2021\/4\/%D9%8DSFE-Mogamma-11-04-21.pdf\">statement (pdf)<\/a>. A timeline to move forward with the project \u2014 which will see the iconic downtown Cairo building transformed into a multi-purpose attraction with an apartment hotel, commercial, and office spaces \u2014 will then be agreed with the developer, El Said said, adding that the contract will prioritize the fastest route to execution possible.<strong> The fund has issued the conditions booklet for the public-private partnership project to investors and foreign and local real estate developers, she added.<\/strong><\/p>\n<p>Meanwhile, <strong>SFE chief executive Ayman Soliman separately confirmed that the fund is mulling a minority stake in<\/strong> <strong><a href=\"https:\/\/www.amoun.com\/\">Amoun Pharma<\/a><\/strong>, Bausch Health\u2019s unit in Egypt. Confirming <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/5ff934f4-35e2-41d7-a97e-5a0bd7634b47\">previous press reports<\/a>, Soliman tells <a href=\"https:\/\/tinyurl.com\/35d2y6rw\">Al Mal<\/a> that the purchase is an attractive prospect for the SFE, and a decision is expected to be announced soon. If the SFE moves forward with the plan, the stake would be in the neighborhood of 10%, but this is still subject to the board\u2019s final say, he added. Abu Dhabi investment arm ADQ <a href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/d117b907-a3f9-4a75-80dc-b07748621d7a\">recently acquired<\/a> 100% of Amoun. The SFE and ADQ signed a partnership back in 2019 to set up a <a href=\"https:\/\/enterprise.press\/stories\/2019\/11\/17\/egypts-tharaa-establishes-a-usd-20-bn-investment-platform-with-abu-dhabi-holding-company-6357\/\">USD 20 bn joint investment platform<\/a>.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>And speaking of the SFE, the fund is expected to reach an agreement with a private sector partner to repurpose the Mogamma Tahrir building by 3Q2021, Planning Minister and SFE Chairperson Hala El Said said in a statement (pdf). A timeline to move forward with the project \u2014 which will see the iconic downtown Cairo [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":565465,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[10036],"tags":[633,125,2239,404,83,370],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-565464","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-speed-round-investment-watch","tag-enterprisepm","tag-investment-watch","tag-mogamma-el-tahrir","tag-public-private-partnership","tag-real-estate","tag-sovereign-fund-of-egypt","wpautop","entry"],"acf":{"mongo_id":"f302005a-4921-4dbb-8223-bea106883cf9","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2021\/4\/385.jpg","photo_position":"above","related_issue":[565458],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Mogamma building overhaul to be completed ASAP - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/11\/mogamma-building-overhaul-to-be-completed-asap\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Mogamma building overhaul to be completed ASAP\" \/>\n<meta property=\"og:description\" content=\"And speaking of the SFE, the fund is expected to reach an agreement with a private sector partner to repurpose the Mogamma Tahrir building by 3Q2021, Planning Minister and SFE Chairperson Hala El Said said in a statement (pdf). A timeline to move forward with the project \u2014 which will see the iconic downtown Cairo [&hellip;]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/11\/mogamma-building-overhaul-to-be-completed-asap\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2021-04-11T13:58:15+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/385.jpg?fit=%2C&ssl=1\" \/>\n<meta name=\"author\" content=\"enterpriseam admin\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"enterpriseam admin\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/11\/mogamma-building-overhaul-to-be-completed-asap\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/11\/mogamma-building-overhaul-to-be-completed-asap\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Mogamma building overhaul to be completed ASAP\",\"datePublished\":\"2021-04-11T13:58:15+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/11\/mogamma-building-overhaul-to-be-completed-asap\/\"},\"wordCount\":228,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/11\/mogamma-building-overhaul-to-be-completed-asap\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2021\/4\/385.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterprisePM\",\"investment watch\",\"Mogamma El Tahrir\",\"public-private partnership\",\"real estate\",\"Sovereign Fund of Egypt\"],\"articleSection\":[\"SPEED ROUND: INVESTMENT WATCH\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/11\/mogamma-building-overhaul-to-be-completed-asap\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2021\/04\/11\/mogamma-building-overhaul-to-be-completed-asap\/\",\"name\":\"Mogamma building overhaul to be completed ASAP - 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The fund will set up a company or a real estate investment trust (REIT) to consolidate the assets into\u2026","rel":"","context":"In &quot;Privatization&quot;","block_context":{"text":"Privatization","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/privatization-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/3\/367.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":561789,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/21\/now-on-the-sfes-menu-water-treatment-the-cosmic-village\/","url_meta":{"origin":565464,"position":1},"title":"Now on the SFE\u2019s menu: Water treatment + the Cosmic Village","author":"enterpriseam admin","date":"21 April 2021","format":false,"excerpt":"Water treatment projects could be on the table for investors through the Sovereign Fund of Egypt (SFE), Planning Minister and fund chairperson Hala El Said tells Asharq. El Said did not provide further details on the projects, or what shape investments in them would take, saying the fund is currently\u2026","rel":"","context":"In &quot;Privatization&quot;","block_context":{"text":"Privatization","link":"https:\/\/enterpriseam.com\/egypt\/category\/business\/privatization-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":553521,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/12\/07\/us-consortium-gets-egp-3-5-bn-mogamma-revamp-contract\/","url_meta":{"origin":565464,"position":2},"title":"US consortium gets EGP 3.5 bn Mogamma revamp contract","author":"enterpriseam admin","date":"7 December 2021","format":false,"excerpt":"US-led consortium tapped for Mogamma overhaul: A consortium of US-based GlobalVentures and Oxford Capital together with the UAE\u2019s Al Otaiba Investment signed yesterday a EGP 3.5 bn (c.USD 200 mn) contract to redevelop Tahrir Square\u2019s Mogamma yesterday with the Sovereign Fund of Egypt (SFE) and the Planning Ministry, the Madbouly\u2026","rel":"","context":"In &quot;Real estate&quot;","block_context":{"text":"Real estate","link":"https:\/\/enterpriseam.com\/egypt\/category\/industries\/real-estate\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/12\/242.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":574298,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/09\/06\/sfe-wants-in-on-desalination-plants\/","url_meta":{"origin":565464,"position":3},"title":"SFE wants in on desalination plants","author":"enterpriseam admin","date":"6 September 2020","format":false,"excerpt":"INVESTMENT WATCH- SFE to invest EGP 30 bn in desalination build-up: The Sovereign Wealth Fund of Egypt (SFE) has been charged with funneling EGP 30 bn in investments towards the first phase of the government\u2019s EGP 134.2 bn plan to build desalination plants across the country, Planning Ministry statement quotes\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":561681,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/04\/18\/egypt-very-resilient-market-for-maf\/","url_meta":{"origin":565464,"position":4},"title":"Egypt \u201cvery resilient\u201d market for MAF","author":"enterpriseam admin","date":"18 April 2021","format":false,"excerpt":"Egypt, UAE and Saudi expected to lead post-covid recovery for MAF: Egypt proved to be a \u201cvery resilient\u201d market for Majid Al Futtaim, which has seen its fastest recovery from last year\u2019s pandemic business slump in the UAE and Saudi Arabia, CEO Alain Bejjani told the Associated Press. The Dubai-based\u2026","rel":"","context":"In &quot;Investment Watch&quot;","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/4\/171.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":575675,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/10\/22\/shamara-holding-eyes-partnership-with-sfe-to-develop-former-ndp-hq-land\/","url_meta":{"origin":565464,"position":5},"title":"Shamara Holding eyes partnership with SFE to develop former NDP HQ land","author":"enterpriseam admin","date":"22 October 2020","format":false,"excerpt":"Iraq\u2019s Shamara wants to get in the redevelopment of the former NDP headquarters with the SFE: Iraqi conglomerate Shamara Holding is interested in working with the Sovereign Fund of Egypt (SFE) to develop the land where the headquarters of the dissolved National Democratic Party used to stand, Al Mal reports,\u2026","rel":"","context":"In &quot;Speed Round&quot;","block_context":{"text":"Speed Round","link":"https:\/\/enterpriseam.com\/egypt\/category\/speed-round\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/565464","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=565464"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/565464\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/afternoon\/565458"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/565465"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=565464"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=565464"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=565464"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=565464"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=565464"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}