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Monday, 11 July 2016

Cabinet to launch tenders for the private sector to develop ten government assets

The cabinet will launch tenders that could see the private sector develop ten state assets in the governorates of Port Said, Alexandria, Qena, Luxor and Beheira, Al Borsa reported on Sunday. Among the assets: Port Said Opera House, Al Saraya land in Alexandria, and the Nile Conference Hall along the Qena corniche, among others. The government also intends to develop hotels across several cities, including building a five-star hotel on an area spanning over 5.5 feddans in Qena. Prime Minister Sherif Ismail has formed a committee to oversee the process, with the housing minister having already completed stating the regulations.

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