Cairo’s Mogamma El-Tahrir building among 7 state-owned assets transferred to Egypt’s sovereign wealth fund

Cairo’s Mogamma El-Tahrir building among 7 state-owned assets transferred to Egypt’s sovereign wealth fund

Egypt is set to transfer the ownership of seven public buildings and their land to the Sovereign Fund of Egypt, according to a decree by President Abdel-Fattah El Sisi published in the official gazette on Thursday.

The buildings transferred include the Mogamma building in Tahrir Square and its land, which extends over 3 acres; the old administrative headquarters of the interior ministry and its land, which extends over 4.6 acres; the 3.9 acres of land of the former National Democratic Party building, which was partially damaged during the 25 January Revolution; and four other buildings located in the governorates of Cairo and Gharbiya.

The move will mean that the buildings are no longer subject to public service rules.

In addition, Planning Minister Hala El-Said, Housing Minister Assem El-Gazzar,