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.
The Sovereign Fund of Egypt (SFE) has finalized the valuation of key real estate assets across Downtown Cairo, including ministry buildings, government facilities, and properties owned by insurance companies, as part of a wider state-led initiative to repurpose public assets and attract private investment, Al Borsa reports, citing senior government officials.
The assessment, conducted in collaboration with Misr Real Estate Assets Management, a subsidiary of Misr Insurance Holding Company - fully owned by the Sovereign Fund, includes assets in central Cairo as well as other governorates.
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 EGP 20,000 and 28,000 per square meter, while administrative units carry a premium of approximately 30%. Commercial units, depending on location and use, range between EGP 80,000 and 120,000 per square meter, excluding land value.
Market prices were found to vary widely based on the property's exact location and its investment potential. For example, assets located in Talaat Harb Square differ significantly in value from those on Al-Gomhoria Street or Naguib Al-Rihani Street.
The evaluations also covered assets belonging to Misr Life Insurance, which the sources described as a cornerstone within the portfolio of properties with development potential. In total, real estate assets make up more than 80% of the holdings of state-owned insurance companies — a segment previously hindered by outdated rental laws.
Recent amendments to Egypt’s old rent law were cited as a catalyst in resolving long-standing barriers to unlocking value from these properties.
Officials stressed that the state does not intend to sell off historical or culturally significant buildings. Instead, the goal is to enter into partnerships or long-term usufruct agreements that preserve the area’s heritage while generating sustainable economic returns and job opportunities.
The government had previously indicated that the offering of the Ministries Square area and other Downtown assets would begin in June 2025. However, as of writing, no official announcement has been made, and no updated timeline has been provided. It remains unclear when the actual offering will commence.
