The Egyptian government is considering offering a number of state-owned assets in Cairo and Giza that overlook the Nile River for investment to ensure optimal exploitation of them, Spokesperson of the Cabinet Nader Saad stated on April 6th.

The ministries and state agencies affiliated with these assets will be relocated to the New Administrative Capital, Saad noted.

This announcement came during a meeting held by Prime Minister Mostafa Madbouly to follow up on optimizing the use of various state assets through offering them for investment by the private sector to achieve further economic returns.

Moreover, the meeting touched upon the role that will be played by The Sovereign Fund of Egypt (TSFE) in evaluating the assets presented during the meeting, including the relevant buildings and lands.

The assets will be assessed via internationals assessors to promote and execute the investment projects on the lands and buildings of such assets.

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