09:35 p.m
Wednesday 01 February 2023
Books – Muhammad Nassar:
The Supreme Council for Planning and Urban Development approved the request submitted by the Sovereign Fund for Investment and Development, regarding changing the use of the Tahrir Complex building, to become a hotel building.
Masrawy is re-publishing the full scheme that he published earlier, coinciding with the new decision.
According to the Oxford Capital Group website, one of the members of the consortium that won the development plan, the name of the Tahrir Compound will be changed to “Cairo House” to turn it into a luxury hotel and a mixed-use complex.
The development plan, worth more than $200 million, aims to redevelop the complex to create a pioneering mix and development of building uses, to reimagine downtown Cairo and future investment in the Egyptian economy.
According to the design of the architect “RATIO | smdp” in Chicago, the “CairoHouse” hotel, or the former Liberation Complex, will include more than 450 luxury hotel rooms and hotel apartments, and plenty of world-class dining and entertainment venues.
Cairo House will also feature 85,000 square feet of meeting and event space including the largest rooftop venue in Cairo.
The developers also envision a structural Lotus Suite, an indoor-outdoor event and wedding venue to provide an additional 15,000 square feet of large meeting space.
The entire project represents over US$200 million investment in repurposing one of the most emblematic government buildings in downtown Cairo in Egypt and the Middle East.
It is noteworthy that on December 6, 2021, an international consortium of developers and investors including: Oxford Capital Group, Global Ventures Group and Al Otaiba Investments was selected as the winning bid to develop and repurpose the historic Tahrir Complex in Tahrir Square.
