Prime Minister Dr. Mostafa Madbouly said at the weekly press conference yesterday that the old Interior Ministry headquarters in Lazoghly Square in downtown Cairo will be converted into a Marriott hotel, along with a number of other facilities for entrepreneurship as well as administrative, cultural and entertainment facilities. The move aims to repurpose the government buildings vacated as the government moved to the new capital, while preserving the character and identity of the old building and developing what already exists.
He explained that the project to develop the Interior Ministry building in the Lazoghly area is one of the most important projects of the Sovereign Fund, affiliated with the Ministry of Investment and Foreign Trade, aiming to reuse state assets, maximize their value, attract foreign investment and build partnerships with the private sector.
Madbouly stressed that the goal of the Sovereign Fund is not to sell but to maximize returns from state assets, in a way that strengthens the state budget and preserves the rights of future generations, adding that this major project is a practical application of the Sovereign Fund's approach of making the most of unused assets and turning them into major projects that generate income for the state and help create new jobs for young people.
It is worth noting that the project aims to redevelop the headquarters and convert it into an integrated service complex, and is scheduled to be completed in the first half of 2027. It will offer an integrated destination with hospitality components that include:
A hotel managed by Marriott International and serviced apartments, a creativity center, office and administrative spaces, shops and food and beverage outlets, entertainment facilities, and spaces dedicated to cultural programs and activities. These components include carefully designed interior spaces and a large central plaza.
The project will provide 364 hotel rooms, as well as 35 commercial units and administrative and entertainment spaces covering 20,000 square meters.
The project will provide 3,000 direct jobs and 10,000 indirect jobs.
According to the official Facebook page of the Egyptian Cabinet.
