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Cairo House Egypt consortium partners with Marriott to develop Tahrir Complex into luxury hotel
Cairo House Egypt consortium partners with Marriott to develop Tahrir Complex into luxury hotel

Egypt Today

time05-02-2025

  • Business
  • Egypt Today

Cairo House Egypt consortium partners with Marriott to develop Tahrir Complex into luxury hotel

Cairo – February 5, 2025: On Tuesday, Cairo House Egypt revealed that it has entered into a groundbreaking agreement with Tourism Investment S.A.E and Marriott International to transform the historic Tahrir Complex (Mogamma El-Tahrir) in downtown Cairo into a luxurious Autograph Collection Hotel, playing a key role in revitalizing the downtown area. The transformation of the Tahrir Complex is a key element in The Sovereign Fund of Egypt's (TSFE) broader initiative to breathe new life into downtown Cairo. According to a statement from Cairo House Egypt, the project is expected to act as both an 'anchor and catalyst' for future investments, positioning the district as a prime location for global business, tourism, and cultural activities. The Tahrir Complex has been a prominent government hub since its construction in 1951, serving millions of Egyptians over the decades who came to the building to conduct official business. Following a decree by President Abdel Fattah El-Sisi in September 2020, the complex was removed from its public service role, and ownership was transferred to TSFE for redevelopment into a commercial and tourism-focused space. In August 2022, the CairoHouse LLC development consortium, which includes four major partners — Global Ventures Group, Oxford Capital Group, Al Otaiba Investments, and Zoser Capital Partners — secured the rights to develop the building with an estimated investment of over $200 million. The new hotel is set to include 500 high-end guestrooms and serviced apartments, all designed to cater to both business and leisure travelers. Situated in the heart of Cairo, surrounded by embassies, government offices, and financial institutions, the hotel's location offers accessibility to key landmarks and business districts. Although the exact timeline for the completion of the project has not been disclosed, the development of the Tahrir Complex into a luxury hotel is expected to have a lasting impact on the local economy. The initiative aligns with Egypt's ongoing efforts to enhance its tourism infrastructure and attract greater foreign investment.

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