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Transactions - DECEMBER 10, 2021

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U.S. led consortium wins bid for $200m development in Cairo, Egypt

by Released

An international consortium of developers and investors — including Oxford Capital Group, Global Ventures Group and Al Otaiba Investments — were selected as the winning bid to develop and repurpose the historic Mogamma el Tahrir Complex on Tahrir Square as CairoHouse, a groundbreaking mixed-use development in Cairo.

CairoHouse will include over 450 luxury lifestyle hotel rooms and serviced apartments, multiple world-class dining and entertainment venues, and more than 85,000 square feet of meeting and events space, including Cairo's largest rooftop venue. The developers also envision an iconic structural lotus pavilion, and an indoor/outdoor special events and weddings venue that will provide an additional 15,000 square feet of meeting space. The entire project represents more than a $200 million investment in repurposing one of the most symbolic government buildings in Egypt and the Middle East.

The agreement was signed on Dec. 6 by Eng. Amr Elhamy, CEO of

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