New Investors to Help Renovate Tahrir Square
The Ministry of Planning and Economic Development plans on picking from four prospective Arab and Egyptian private investors to continue revamping Tahrir Square.
Between the new lights, the erection of ancient statues and obelisks, and the scheduled renovation of the ever-intimidating Mogamma building, Downtown Cairo's Tahrir Square has been a long work in process, setting itself up as a thriving urban centre and the perfect backdrop for such glamorous events as the Pharaohs' Golden Parade. Now the Ministry of Planning and Economic Development has revealed that the work is far from over, with plans to pick from four prospective Arab and Egyptian private investors to continue revamping Tahrir Square at the end of September. Much of the work will be done with the Sovereign Fund of Egypt, which is responsible for the eventual rehabilitation of the Mogamma building from a labyrinthian government office into an entertainment and hospitality complex.