{"id":685964,"date":"2026-02-25T00:00:00","date_gmt":"2026-02-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2026\/02\/25\/the-government-is-offering-newly-renovated-islamic-cairo-for-private-investors\/"},"modified":"2026-02-25T00:00:00","modified_gmt":"2026-02-25T00:00:00","slug":"the-government-is-offering-newly-renovated-islamic-cairo-for-private-investors","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2026\/02\/25\/the-government-is-offering-newly-renovated-islamic-cairo-for-private-investors\/","title":{"rendered":"The government is offering newly renovated Islamic Cairo for private investors"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>The<\/strong><strong> narrow lanes, minarets, a<\/strong><strong>nd mashrabiyas of Islamic Cairo may soon <\/strong><strong>welcome new private investors<\/strong>, as the government prepares to offer a selection of restored heritage sites under public-private partnership schemes, a government official tells EnterpriseAM. Freshly renovated corners of Islamic Cairo are being readied for boutique hotels and commercial ventures, riding the tourism momentum sparked by the opening of the Grand Egyptian Museum.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Al Muizz Street and its surrounding quarters sit at the heart of these plans<\/strong>, with the Bab Al Futuh gate opening to a 6.5k sqm boutique hotel at Wekalet El Arnaouti, facing the historic Al Hakim Mosque. A large integrated building in Haret El Roum is also on the table for a mixed-use commercial, service, and tourism project. Additional sites are lined up in the historic Khayamiya district, known for its vibrant tentmakers\u2019 craft and recognized as a Unesco World Heritage site, alongside projects at Wekalet El Shorbagy.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The pipeline stretches beyond the old city walls. <\/strong>A global consortium is set to be selected to develop the Al Fustat Hills Gardens project, which will combine serviced apartments with integrated tourism and entertainment zones, positioning the area as a broader leisure destination.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The government is keeping the door open to flexible contracting models and payment<\/strong><strong> structures to attract international operators<\/strong> who can invest without disturbing the district\u2019s architectural soul.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Why it matters: <\/strong>The state is moving toward repurposing heritage areas into development projects that ensure sustainable economic returns. With visitor numbers climbing across Islamic heritage sites, the need for additional hotel capacity is becoming pressing, the official said. The wider redevelopment of Historic Cairo and nearby informal areas, covering some 10k feddans, has cost around EGP 317 bn, according to <a target=\"_blank\" href=\"https:\/\/enterpriseam.com\/egypt\/hardhats\/project-profile-the-governments-plans-to-develop-historic-cairo\/\" style=\"\" rel=\"noopener\">previous remarks<\/a> by Informal Settlements Development Fund head Khaled Seddik \u2014 with EGP 60-70 bn directed specifically toward Historic Cairo through the Housing Ministry\u2019s budget.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>More in the works: <\/strong>The Urban Development Fund, in coordination with Cairo Governorate and the Awqaf Authority, is preparing additional state-owned historic properties for investment, with plans to transform them into high-end hotels that can generate sustainable returns, the official noted.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>(** Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The state is moving toward repurposing heritage areas into development projects that generate sustainable economic returns<\/p>\n","protected":false},"author":1,"featured_media":685965,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7272],"tags":[72,125,238],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-685964","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-enterpriseam","tag-investment-watch","tag-tourism","wpautop","entry"],"acf":{"mongo_id":"c3a58635-78d6-4060-9661-603e8160c912","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2026\/2\/1482.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Islamic Cairo open for tourists \u2014 and investors","related_issue":[685956],"teaser":"The state is moving toward repurposing heritage areas into development projects that generate sustainable economic returns"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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The museum was damaged by an explosion targeting the Cairo security directorate in 2014, which had killed four people and injured 76 others.","rel":"","context":"In &quot;ON YOUR WAY OUT&quot;","block_context":{"text":"ON YOUR WAY OUT","link":"https:\/\/enterpriseam.com\/egypt\/category\/on-your-way-out\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":641750,"url":"https:\/\/enterpriseam.com\/egypt\/2024\/09\/02\/tens-of-ppp-projects-in-healthcare-tourism-and-education-up-for-grabs\/","url_meta":{"origin":685964,"position":2},"title":"Tens of PPP projects in healthcare, tourism, and education up for grabs","author":"enterpriseam admin","date":"2 September 2024","format":false,"excerpt":"Private players have the chance to invest in the healthcare, tourism, education sectors through public-private partnerships","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\/2024\/8\/528.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":557498,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/09\/21\/bidayat-sfe-partner-on-innovation-zone-in-islamic-cairo\/","url_meta":{"origin":685964,"position":3},"title":"Bidayat, SFE partner on innovation zone in Islamic Cairo","author":"enterpriseam admin","date":"21 September 2021","format":false,"excerpt":"Islamic Cairo could host the region\u2019s first \u201cinnovation zone\u201d? Rachid Mohmaed Rachid\u2019s Bidayat will study the possibility of developing the historic Bab Al Azab area in the vicinity of the Cairo Citadel into an innovation zone that will support SMEs in the fields of architecture, furniture, jewelry, and other design,\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\/9\/289.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":549994,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/10\/10\/investors-show-interest-in-state-owned-hotels\/","url_meta":{"origin":685964,"position":4},"title":"Investors show interest in state-owned hotels","author":"enterpriseam admin","date":"10 October 2022","format":false,"excerpt":"Investors are lining up to snag shares in state-owned hotels: Several unnamed international investors and investment funds have submitted offers to acquire shares in hotels owned by state-owned Egyptian General Company for Tourism and Hotels (EGOTH), cabinet spokesman Nader Saad said in a statement. The government is currently evaluating the\u2026","rel":"","context":"In &quot;Also on our Radar&quot;","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\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":590456,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/07\/19\/last-nights-talk-shows-on-tourism-dengue-fever-and-heat\/","url_meta":{"origin":685964,"position":5},"title":"Last Night\u2019s Talk Shows on tourism, dengue fever, and heat","author":"enterpriseam admin","date":"19 July 2023","format":false,"excerpt":"PM Madbouly looks into incentives to boost tourism investment","rel":"","context":"In &quot;LAST NIGHT\u2019S TALK SHOWS&quot;","block_context":{"text":"LAST NIGHT\u2019S TALK SHOWS","link":"https:\/\/enterpriseam.com\/egypt\/category\/last-nights-talk-shows\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/7\/779.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/685964","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=685964"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/685964\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/685956"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/685965"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=685964"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=685964"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=685964"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=685964"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=685964"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}