The redevelopment of Egypt’s former Ministry of Interior headquarters in Cairo’s Lazoghli district into a mixed-use complex is scheduled for completion in the first half of 2027, Minister of Investment and Foreign Trade Hassan El Khatib said on Wednesday. The project, which is being developed by Reliance Real Estate Development in partnership with the Sovereign Fund of Egypt, is expected to create 3,000 direct and 10,000 indirect jobs. The complex will include 364 hotel rooms and 35 commercial units, alongside food and beverage outlets and cultural zones. Noha Khalil, Acting CEO of the Sovereign Fund of Egypt, stated that the fund collaborated with international consultancy firms to develop the multi-use vision for the Lazoghli site. The development aims to attract foreign investment and build private sector partnerships, which Khalil identified as core objectives of the fund’s mandate.

Source: Daily News Egypt December 24, 2025 18:01 UTC