THE SOVEREIGN OF EGYPT ATTRACTS THE AMERICAN ALLIANCE IN THE DEVELOPMENT AND REHABILITATE OF TAHRIR COMPLEX PROJECT, LED BY ADSERO AND ALLIANCE LAW FIRM

Dr. Hala Al-Saeed, Minister of Planning and Economic Development, mentioned that the Sovereign Fund was successful in attracting an investor: The American alliance that enters the Egyptian market for the first time, which is the American alliance, which includes the “Global Ventures” group, the “Oxford Capital Group,” and the “Al-Otaiba Investment Company,” through the process of developing the Tahrir Complex. Following a tender process aimed at attract developers and partners from all over the world who are specialize in the rehabilitation and development of historical buildings, they were liquidated into three alliances, with the American alliance winning the best technical and financial offer, as well as the alliance’s rich precedent for developing a group of historical buildings in America and Europe.

Al-Saeed goes on to explain that the agreement signed with the winning coalition to develop and rehabilitate the Tahrir Complex includes a 3.5 billion pound (three billion and five hundred million pound) investment within two years of the contracting company receiving the building.

She went on to say that the importance of developing the Tahrir Complex stems from its historical and symbolic value to the Egyptian people, as Tahrir Square is the most famous governmental site in downtown Cairo. And the state’s development efforts in the downtown area and Khedive Cairo.

Adsero had assisted The Sovereign Fund of Egypt (TSFE) with this landmark project. And the team was led by Mohamed Abdelgawad, Founding Partner and Head of Adsero’s Corporate, Commercial and Regulatory Department.

Alliance Law Firm – Egypt (ALE) is act as the legal advisor for the winning US Consortium, to develop & repurpose the Tahrir Complex. and The team was led by Dr. Ashraf Abou Elkheir Managing Partner and

Omar Farid partner

We are proud of this successful achievement by the sovereign fund and wish them more success.

And we congratulate Adsero and Alliance on their success, as well as on being the legal assistant and legal advisor for such a great deal.

For more information, you can check Ministry of Planning, and Economic Development coverage here:

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