Rédaction Africa Links 24 with Egypt Independent
Published on 2024-01-25 11:27:18
Egyptian President Abdel Fattah al-Sisi recently issued a presidential decree aimed at removing the status of public benefit from lands and buildings belonging to 13 ministries in downtown Cairo. This includes the headquarters of several important sovereign and service ministries. The decree also transfers the entire ownership of these lands and buildings to the Egyptian Sovereign Fund, in accordance with the fund’s law.
Under the decree, the president is authorized to remove the status of public benefit from state property and transfer it to the fund in preparation for disposal through various means such as development, sale, lease, offering for usufruct, investment, or partnership. Similar actions have previously been taken with the lands and buildings of the Tahrir Complex, the dissolved National Party, and the old Ministry of Interior building on Sheikh Reihan Street.
The decree specifies that the ministries in question will continue to occupy the buildings free of charge until they relocate to the New Administrative Capital or find alternative headquarters for their current buildings.
The ministries that will be affected by the decree include the Ministry of Foreign Affairs, Ministry of Justice, General Secretariat of the Ministry of Finance, Ministry of Education, Ministry of Health and Population, Ministry of Local Development, Ministry of Transport, Ministry of Tourism and Antiquities, Ministry of Military Production, Ministry of Supply, Ministry of Social Solidarity, Ministry of Housing, and the Green Trade Initiative of the Ministry of Industry.
This move signifies a significant shift in the management and ownership of state-owned properties in downtown Cairo, with the aim of potentially stimulating development and investment in the area. As the government prepares for the relocation of ministries and the disposition of these properties, it is expected that the New Administrative Capital will play a central role in accommodating the needs of these important ministries.
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