Egyptian Cabinet to Benefit from Former Headquarters in Investment

Madbouly follows up efforts to benefit from state headquarters across the country. (Egyptian government)
Madbouly follows up efforts to benefit from state headquarters across the country. (Egyptian government)
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Egyptian Cabinet to Benefit from Former Headquarters in Investment

Madbouly follows up efforts to benefit from state headquarters across the country. (Egyptian government)
Madbouly follows up efforts to benefit from state headquarters across the country. (Egyptian government)

The Egyptian government seeks to benefit from its former headquarters following the transfer of ministries into the New Administrative Capital.

Egyptian Prime Minister Mostafa Madbouly stressed the government’s keenness on continuous follow-up of the state assets and on taking necessary steps to optimize them.

The PM noted that there are reports on several assets across the Egyptian provinces, including many proposals and recommendations on exploiting these assets by issuing them for investment by the private sector to achieve more returns.

Madbouly held a meeting on Thursday to follow up on optimizing the state assets. The meeting was attended by several ministers.

Egyptian government spokesperson Nader Saad said the meeting touched on some of the assets in the provinces of Cairo and Giza that overlook the Nile River in order to optimize them by issuing them for investment.

Last month, Egyptian President Abdel Fattah Al-Sisi met with Madbouly and cabinet members at the Strategic Leadership Center in the New Administrative Capital.

The spokesman for the Presidency, Ahmed Fahmy, stated that the meeting discussed the government's plan to relocate ministries and various state agencies and institutions to the new capital.

According to the spokesman, Sisi directed intensifying efforts to ensure the government's move to the capital was smooth.

He noted that it could only be achieved through the modernization of buildings and premises and the qualification of workers, and providing training programs to government personnel to teach them modern methods of administration.

"These efforts, in turn, would contribute to establishing an efficient and effective administrative body," he said.

Moreover, Saad added that the meeting pointed out that the Sovereign Fund of Egypt would start evaluating the assets which were showcased during the meeting and the buildings and lands they have.

The assessment will be based on global assessors for the sake of marketing the assets and establishing investment projects on them, especially since these lands are in unique regions on the Nile River.



Israeli Fire Kills at Least 44 People in Gaza, Hits Police Station

A Palestinian man throws water on a fire, as he inspects the damage at a school sheltering displaced people, following an Israeli strike, in Gaza City, April 23, 2025. REUTERS/Dawoud Abu Alkas
A Palestinian man throws water on a fire, as he inspects the damage at a school sheltering displaced people, following an Israeli strike, in Gaza City, April 23, 2025. REUTERS/Dawoud Abu Alkas
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Israeli Fire Kills at Least 44 People in Gaza, Hits Police Station

A Palestinian man throws water on a fire, as he inspects the damage at a school sheltering displaced people, following an Israeli strike, in Gaza City, April 23, 2025. REUTERS/Dawoud Abu Alkas
A Palestinian man throws water on a fire, as he inspects the damage at a school sheltering displaced people, following an Israeli strike, in Gaza City, April 23, 2025. REUTERS/Dawoud Abu Alkas

An Israeli airstrike hit a police station in Jabalia in the northern Gaza Strip on Thursday, killing at least 10 people, local health authorities said, and Israel's military said it had struck a command center of Hamas and the Islamic Jihad groups.
Medics said two Israeli missiles hit the police station, located near a market, which led to the wounding of dozens of people in addition to the 10 deaths. The identities of those killed were not immediately clear.
The Israeli military said in a statement apparently referring to the same incident, that it attacked a command and control center operated by Hamas and the allied Islamic Jihad groups in Jabalia, which militants used to plan and execute attacks against Israeli forces.
It accused Palestinian militant groups of exploiting civilians and civil properties for military purposes, an allegation Hamas and other factions deny.
Local health authorities said Israeli strikes have killed at least 34 other people in separate airstrikes across the enclave, bringing Thursday's death toll to 44, Reuters reported.
The Gaza Health Ministry said the Durra Children's Hospital in Gaza City had become non-operational, a day after an Israeli strike hit the upper part of the building, damaging the intensive care unit and destroying the facility's solar power panel system.
No one was killed. There was no Israeli comment on the incident.
Gaza's health system has been devastated by Israel's 18-month-old military campaign, launched in response to the October 7 attack by Hamas in 2023, putting many of the territory's hospitals out of action, killing medics, and reducing crucial supplies.
Since a January ceasefire collapsed on March 18, Israeli attacks have killed more than 1,900 Palestinians, many of them civilians, according to the Gaza health authorities, and hundreds of thousands have been displaced as Israel seized what it calls a buffer zone of Gaza's land.