OPEN//President Sisi approves deal on preparing roadmap for reducing methane emissions in Egypt
A 959,006-dollar grant will be provided under the agreement between the Egyptian General Petroleum Corporation and the US Trade and Development Agency (USTDA).
The Egyptian House of representatives approved the draft decree on April 15, 2025.
The decree was published in the official gazette out Saturday. (MENA)
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Hospitality with heritage at its heart The district's architectural fabric, which is a mix of grand historic buildings and more modern structures, offers a perfect opportunity for heritage-driven hospitality development. We've seen this model succeed globally: from the Taj Mahal Palace (hotel) in Mumbai to the Cairo Marriott in Zamalek. In both cases, older heritage buildings were integrated with modern infrastructure to create iconic destinations. This lies at the heart of what Al Ismaelia for Real Estate Development has been executing ever since it was founded 2008. In the ministries district, a similar approach could produce landmark boutique hotels and luxury accommodations. And there is ample space for fine dining, cultural venues, and high-quality retail. But here's the catch: what's on offer must be Egyptian. Not a standard tourist product, but an Egyptian contemporary product reflecting modern Egyptian identity with an authentic flavor. Tourists don't want replicas. They want real. Cairo's city centre is fast becoming a magnet for cultural tourists. They're not coming here to shop global brands they already know. There is an undeniably strong trend among younger generations toward immersive, culturally authentic experiences and local brands, driven by a desire for genuine connections with destinations. Sustainable Travel Research Report (2023) noted that 75% of survey respondents seek authentic experiences representative of local culture. A Trip Advisor survey in 2024 involving 4000 travellers revealed that 84% consider purchasing from local retail or food brands, with 90% of Millenials and Gen Z indicating a preference for authentic local products. Tourists are coming to feel something. To explore Egyptian creativity, try Egyptian food, meet Egyptian makers. And the good news is: Those makers are already here. We're seeing a new generation of local chefs, fashion designers, gallery owners, and entrepreneurs staking their claim in Downtown Cairo. These aren't copy-paste franchises or rebranded imports. They're contemporary, authentic, and rooted in place. The ministries district should embrace and accelerate this movement. If developed with this ethos, it could become the launchpad for Egypt's next wave of creative entrepreneurs, while offering tourists a living, walkable, locally immersive experience. A complementary vision for Cairo's core At Al Ismaelia, we see the ministries district and Downtown Cairo as two sides of the same opportunity. The former is perfect for larger-format hotels and serene urban design. The latter is already emerging as the cultural engine, full of energy, expression, and local flavor. Together, they can create a seamless ecosystem for tourism, commerce, and city life. And it's already happening. Our work in Downtown has shown that adaptive reuse of heritage buildings is not only viable, but profitable – and add to that, it's changing investor perceptions. What was once seen as risky or impractical is now being understood as Egypt's untapped edge: A real estate model that combines history, authenticity, and modern demand. If the ministries district follows this path, it could become a blueprint for similar projects across Egypt, in Alexandria, Port Said, and other cities rich with legacy and potential. The real differentiator: local ideas, not imported concepts I cannot stress this enough: What will make the ministries district and Downtown Cairo truly stand out is a bold commitment to contemporary Egyptian brands and experiences. That applies to everything: Hotels, restaurants, clothing stores, household items, performance venues, coworking spaces, bookstores, and beyond. Cheesy souvenir shops or local brands that mimic foreign trends are definitely not the way to go. The focus should be on original concepts that carry a modern Egyptian identity and truly, from the heart, reflect who we are today. If we get that right, we will redevelop a district by redefining Cairo for the next generation, and remind the world that this city has always been, and still is, a cultural capital worth discovering. Cairo is not only about the past but it is equally about the present and the future. By Karim Shafei Chairman & CEO, Al Ismaelia for Real Estate Investment
