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Egypt’s private sector to revamp 150 historic buildings in Cairo

The Egyptian government is drawing up a plan to turn over historic buildings to the public sector to help refurbish them and rent them out
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CAIRO — Egypt’s government is planning on turning over 150 rundown heritage buildings in central Cairo to the private sector in a bid to have them refurbished and then rented out for profit.

Egyptian Minister of Public Enterprise Hesham Tawfik announced the government’s plan April 23; it hopes to save a wide repertoire of buildings of neoclassical, art nouveaux, beaux arts, art deco and early modern styles, many built in the early 20th century and nationalized in the 1960s, Reuters reported.

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