CairoHouse signs agreements with Consolidated Contractors, CHROME to develop Al Tahrir complex

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In line with Egypt’s vision – represented by the Sovereign Wealth Fund of Egypt (TSFE) – to reuse its assets, attract more foreign investment and develop downtown Cairo as one of the most importantly, CairoHouse has signed a number of partnership agreements. Tuesday to launch the process of developing and rehabilitating the Al Tahrir complex building to transform it into an iconic hotel destination with a total investment of over $200 million.

CairoHouse is the collaboration of an international consortium of developers and investors led by Oxford Capital Group, Global Ventures Group and Al Otaiba Investments. The partnership agreements have been signed with the Consolidated Contractors Company (CCC) as the general contractor for the project, with CHROME being the facilities management arm and RMC for the engineering solutions.

Ayman Soliman, CEO of TSFE, said, “We look forward to seeing the Tahrir Complex after its transformation as a model for reallocating the wealth of Egypt’s assets to unlock their true value.

Being the first of its kind in Egypt and the region, CairoHouse is designed by Chicago-based architect RATIO | smdp and is expected to include more than 450 luxury hotel rooms and serviced apartments, several world-class restaurants and entertainment venues, and meeting and event spaces, including Cairo’s largest rooftop venue. Inspired by LondonHouse in Chicago as one of the most iconic and successful hospitality projects in the United States, CairoHouse will be a catalyst for a reimagined downtown Cairo and future investment in the Egyptian economy. The project will provide nearly 500 job opportunities.



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