{"id":591950,"date":"2019-12-22T04:24:34","date_gmt":"2019-12-22T04:24:34","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/22\/sovereign-fund-of-egypt-charged-with-renovating-managing-bab-el-azab-renovations\/"},"modified":"2019-12-22T04:24:34","modified_gmt":"2019-12-22T04:24:34","slug":"sovereign-fund-of-egypt-charged-with-renovating-managing-bab-el-azab-renovations","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/12\/22\/sovereign-fund-of-egypt-charged-with-renovating-managing-bab-el-azab-renovations\/","title":{"rendered":"Sovereign Fund of Egypt charged with renovating, managing Bab El Azab renovations"},"content":{"rendered":"<p>The Sovereign Fund of Egypt received cabinet approval to hold the rights to renovate and develop the Bab El Azab area in the Salah El Din Citadel under a 49-year contract,<a href=\"http:\/\/www.cabinet.gov.eg\/Arabic\/MediaCenter\/CabinetNews\/Pages\/%D8%A7%D8%AC%D8%AA%D9%85%D9%80%D9%80%D8%A7%D8%B9-%D9%85%D8%AC%D9%84%D9%80%D8%B3-%D8%A7%D9%84%D9%80%D9%80%D9%88%D8%B2%D8%B1%D8%A7%D8%A1-%D8%B1%D9%82%D9%80%D9%80%D9%85-(69)--%D8%A8%D8%B1%D8%A6%D9%80%D8%A7%D8%B3%D8%A9-%D8%A7%D9%84%D8%AF%D9%83%D8%AA%D9%88%D8%B1-%D9%85%D8%B5%D8%B7%D9%81%D9%89-%D9%85%D8%AF%D8%A8%D9%88%D9%84%D9%8A.aspx\">according to a statement from the cabinet<\/a>. The technical proposal for the project includes building a museum with interactive technologies, crafts schools, theater and others, Antiquities Minister Khaled El Anany said. CEO of the fund Ayman Soliman had earlier <a href=\"https:\/\/www.reuters.com\/article\/egypt-tourism-idUSL8N28S55A\">told Reuters<\/a> that the fund was looking to Egyptian businessman and chairman of Orascom Development Holding, Samih Sawiris to help develop the area with total investments of EGP 2 bn.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Sovereign Fund of Egypt received cabinet approval to hold the rights to renovate and develop the Bab El Azab area in the Salah El Din Citadel under a 49-year contract,according to a statement from the cabinet. The technical proposal for the project includes building a museum with interactive technologies, crafts schools, theater and others, [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"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":[7377],"tags":[72,370,238],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-591950","post","type-post","status-publish","format-standard","hentry","category-tourism","tag-enterpriseam","tag-sovereign-fund-of-egypt","tag-tourism","wpautop","entry"],"acf":{"mongo_id":"9af053d0-8b12-4174-8d4e-5d37813fc6ee","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[591920],"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>Sovereign Fund of Egypt charged with renovating, managing Bab El Azab renovations - 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\/2019\/12\/22\/sovereign-fund-of-egypt-charged-with-renovating-managing-bab-el-azab-renovations\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sovereign Fund of Egypt charged with renovating, managing Bab El Azab renovations\" \/>\n<meta property=\"og:description\" content=\"The Sovereign Fund of Egypt received cabinet approval to hold the rights to renovate and develop the Bab El Azab area in the Salah El Din Citadel under a 49-year contract,according to a statement from the cabinet. 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It remains unclear\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":571883,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/03\/egypts-bab-el-azab-revamp-to-get-underway-as-sovereign-fund-inks-agreement-with-sca\/","url_meta":{"origin":591950,"position":2},"title":"Egypt\u2019s Bab El Azab revamp to get underway as sovereign fund inks agreement with SCA","author":"enterpriseam admin","date":"3 June 2020","format":false,"excerpt":"Bab El Azab to be transformed into tourist area under agreement between sovereign fund, antiquities council: The Sovereign Fund of Egypt (SFE) has signed an agreement with the Supreme Council of Antiquities (SCA) to kick off plans to develop the Bab El Azab landmark in Old Cairo into a tourist\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":592688,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/11\/04\/sovereign-wealth-fund-capital-to-quintuple-to-egp-1-tn\/","url_meta":{"origin":591950,"position":3},"title":"Sovereign wealth fund capital to quintuple to EGP 1 tn","author":"enterpriseam admin","date":"4 November 2019","format":false,"excerpt":"Speaking of the sovereign wealth fund: Egypt\u2019s SWF will see its initial capital rise fivefold to EGP 1 tn from EGP 200 bn after President Abdel Fattah El Sisi directed officials to raise its authorized capital, Planning Minister Hala El Said recently said. Assets are currently being transferred to the\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\/2018\/8\/621.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":572032,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/06\/09\/egypts-sovereign-fund-in-talks-for-fresh-agreements-in-fintech-financial-inclusion\/","url_meta":{"origin":591950,"position":4},"title":"Egypt\u2019s sovereign fund in talks for fresh agreements in fintech, financial inclusion","author":"enterpriseam admin","date":"9 June 2020","format":false,"excerpt":"Sovereign fund in talks with investors in fintech, financial inclusion: The Sovereign Fund of Egypt (SFE) is in talks with unnamed investors with appetite for fintech and services that will promote financial inclusion, SFE chief executive Ayman Soliman said at a virtual presser yesterday. 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