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.