{"id":603534,"date":"2019-04-24T04:00:19","date_gmt":"2019-04-24T04:00:19","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/24\/govt-looks-to-private-sector-to-save-150-of-egypts-20th-century-buildings\/"},"modified":"2019-04-24T04:00:19","modified_gmt":"2019-04-24T04:00:19","slug":"govt-looks-to-private-sector-to-save-150-of-egypts-20th-century-buildings","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/04\/24\/govt-looks-to-private-sector-to-save-150-of-egypts-20th-century-buildings\/","title":{"rendered":"Gov\u2019t looks to private sector to save 150 of Egypt\u2019s 20th century buildings"},"content":{"rendered":"

<\/a> The government is working on a plan to enlist the private sector to renovate and lease out some 150 ailing early 20th century buildings<\/b> in Cairo, Alexandria and Port Said, Public Enterprises Minister Hisham Tawfik said during a business conference, according to Reuters<\/a>. The Insurance Holding Company, which owns some 150 buildings \u201cclassified as historic,\u201d has already wrapped up its studies of the plan, which will follow the model pioneered by private sector outfit Al Ismaelia for Real Estate Investment. Al Ismaelia has bought 23 buildings in Downtown Cairo. \u201cThey take the buildings, they settle with individuals or companies who are renting these apartments, they do the necessary renovations, inside and outside, and they simply rent them to the private sector,\u201d Tawfik said. \u201cAnd they are making some decent returns on their investment.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"

The government is working on a plan to enlist the private sector to renovate and lease out some 150 ailing early 20th century buildings in Cairo, Alexandria and Port Said, Public Enterprises Minister Hisham Tawfik said during a business conference, according to Reuters. The Insurance Holding Company, which owns some 150 buildings \u201cclassified as historic,\u201d […]<\/p>\n","protected":false},"author":1,"featured_media":603535,"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":[9257],"tags":[72,8276,83,238],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-603534","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-on-your-way-out","tag-enterpriseam","tag-housing","tag-real-estate","tag-tourism","wpautop","entry"],"acf":{"mongo_id":"ce5c85ad-5539-401e-9e07-3f761c5f6507","is_powered_by":true,"story_type":"1","photo_url":"https:\/\/ent.news\/2019\/4\/2331.jpg","photo_position":"above","related_issue":[603497],"teaser":"","voice_url":""},"yoast_head":"\nGov\u2019t looks to private sector to save 150 of Egypt\u2019s 20th century buildings - 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\/04\/24\/govt-looks-to-private-sector-to-save-150-of-egypts-20th-century-buildings\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Gov\u2019t looks to private sector to save 150 of Egypt\u2019s 20th century buildings\" \/>\n<meta property=\"og:description\" content=\"The government is working on a plan to enlist the private sector to renovate and lease out some 150 ailing early 20th century buildings in Cairo, Alexandria and Port Said, Public Enterprises Minister Hisham Tawfik said during a business conference, according to Reuters. The Insurance Holding Company, which owns some 150 buildings \u201cclassified as historic,\u201d […]\" \/>\n<meta property=\"og:url\" content=\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/24\/govt-looks-to-private-sector-to-save-150-of-egypts-20th-century-buildings\/\" \/>\n<meta property=\"og:site_name\" content=\"EnterpriseAM Egypt\" \/>\n<meta property=\"article:published_time\" content=\"2019-04-24T04:00:19+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/i0.wp.com\/ent.news\/2019\/4\/2331.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\/2019\/04\/24\/govt-looks-to-private-sector-to-save-150-of-egypts-20th-century-buildings\/#article\",\"isPartOf\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/24\/govt-looks-to-private-sector-to-save-150-of-egypts-20th-century-buildings\/\"},\"author\":{\"name\":\"enterpriseam admin\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#\/schema\/person\/ca597032db7e4db868359c123cec256d\"},\"headline\":\"Gov\u2019t looks to private sector to save 150 of Egypt\u2019s 20th century buildings\",\"datePublished\":\"2019-04-24T04:00:19+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/24\/govt-looks-to-private-sector-to-save-150-of-egypts-20th-century-buildings\/\"},\"wordCount\":144,\"publisher\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/#organization\"},\"image\":{\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/24\/govt-looks-to-private-sector-to-save-150-of-egypts-20th-century-buildings\/#primaryimage\"},\"thumbnailUrl\":\"https:\/\/i0.wp.com\/ent.news\/2019\/4\/2331.jpg?fit=%2C&ssl=1\",\"keywords\":[\"EnterpriseAM\",\"housing\",\"real estate\",\"tourism\"],\"articleSection\":[\"ON YOUR WAY OUT\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/24\/govt-looks-to-private-sector-to-save-150-of-egypts-20th-century-buildings\/\",\"url\":\"https:\/\/enterpriseam.com\/egypt\/2019\/04\/24\/govt-looks-to-private-sector-to-save-150-of-egypts-20th-century-buildings\/\",\"name\":\"Gov\u2019t looks to private sector to save 150 of Egypt\u2019s 20th century buildings - 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Al Ismaelia is carving out a niche for itself as the \u201cSolidere\u201d (the company, not the district) of Downtown Caio, where it is\u2026","rel":"","context":"In "Speed Round"","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":598671,"url":"https:\/\/enterpriseam.com\/egypt\/2019\/05\/30\/my-morning-routine-mohamed-el-taher-ceo-of-al-ismaelia-for-real-estate-development\/","url_meta":{"origin":603534,"position":1},"title":"My Morning Routine: Mohamed El Taher, CEO of Al Ismaelia for Real Estate Development","author":"enterpriseam admin","date":"30 May 2019","format":false,"excerpt":"My Morning Routine looks each week at how a successful member of the community starts their day \u2014 and then throws in a couple of random business questions just for fun. 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The company is looking to buy four or five new buildings in the downtown area, El Taher said, without giving a\u2026","rel":"","context":"In "Real Estate + Housing"","block_context":{"text":"Real Estate + Housing","link":"https:\/\/enterpriseam.com\/egypt\/category\/real-estate-housing\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":660745,"url":"https:\/\/enterpriseam.com\/egypt\/2025\/02\/17\/al-ismaelia-looks-to-gulf-investors-to-double-its-capital\/","url_meta":{"origin":603534,"position":3},"title":"Al Ismaelia looks to Gulf investors to double its capital","author":"enterpriseam admin","date":"17 February 2025","format":false,"excerpt":"The real estate firm aims to expand its portfolio to 50 buildings by the end of next year","rel":"","context":"In "Also on our Radar"","block_context":{"text":"Also on our Radar","link":"https:\/\/enterpriseam.com\/egypt\/category\/also-on-our-radar\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2025\/2\/1607.jpg?fit=%2C&ssl=1&resize=350%2C200","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":603534,"position":4},"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. 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