President Abdel Fattah El Sisi stressed the importance of giving top priority to the redevelopment of Historic Cairo, directing that all related buildings and facilities be upgraded according to the highest standards in order to transform the area into a global tourist destination and a major cultural landmark.
The remarks came during a meeting the president called on Saturday with Minister of Endowments Osama al-Azhari, Presidential Adviser for Urban Planning Major General Amir Sayed Ahmed, Head of the Armed Forces Financial Affairs Authority Major General Khaled Abdullah, and Head of the Engineering Authority of the Armed Forces Major General Walid Aref.
Discussions during the meeting focused on plans by the Egyptian Endowments Authority (EEA) to develop various real estate assets affiliated with the Ministry of Endowments, alongside efforts to strengthen co-operation mechanisms with specialised companies and real estate developers, Presidency Spokesman Ambassador Mohamed el-Shennawy said. The step is aimed to modernise and introduce new investment activities.
The discussions also reviewed ongoing efforts to redevelop Historic Cairo and enhance the efficiency of its buildings and facilities. President Sisi underscored the need to comprehensively survey and modernise all relevant structures in line with the highest international standards, reinforcing the area’s status as a distinguished civilisational and tourism destination.
For his part, Minister of Endowments Osama al-Azhari outlined the ministry’s efforts to inventory and document the assets and properties managed by the EEA, in coordination with the relevant state bodies. The process includes establishing accurate digital and cadastral maps of those assets to ensure precise documentation.
The minister also reviewed mechanisms aimed at maximising the utilisation of the authority’s assets, highlighting a number of promising investment opportunities identified for future development and optimal exploitation.
President Sisi reasserted the importance of continuing the comprehensive inventory and documentation process for all assets and properties affiliated with the EEA, while ensuring their optimal and sustainable investment in a manner that supports the national economy.
