Downtown Cairo properties assessment for public offering completed by SFE

Senior government officials told Al Borsa that the Sovereign Fund of Egypt (SFE) has finished valuing important real estate assets in Downtown Cairo. This includes buildings owned by ministries, government agencies, and insurance companies.

The valuation was done together with Misr Real Estate Assets Management, which is part of Misr Insurance Holding — a company fully owned by the Sovereign Fund. The assets assessed are located in central Cairo and other governorates. This work is part of a government plan to make better use of public properties and attract private investment.

These properties represent a significant portion of the national asset portfolio under the Fund’s management, particularly assets linked to the state’s insurance sector.

According to the officials, the final valuations have already been submitted to the Fund and will guide upcoming investment decisions.

This process comes in the wake of Egypt’s transition to the New Administrative Capital, which freed up a significant number of high-value buildings in the capital’s historic core.

The government has tasked the Fund with creating a comprehensive redevelopment strategy for Downtown Cairo that balances economic returns with preservation of the district’s architectural and cultural heritage.

Preliminary figures indicate that residential units in the area are valued between LE 20,000 and 28,000 per square meter, while administrative units carry a premium of approximately 30 percent. Commercial units, depending on location and use, range between LE 80,000 and 120,000 per square meter, excluding land value.