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| Eng. Mohamed Shibl |
Cairo – 6 July 2026: In line with Egypt's vision to revitalize Downtown Cairo and transform it into one of the world's leading tourism, hospitality, and entertainment destinations through the redevelopment of strategic urban assets, Novara Holding has announced the acquisition of the former Giza Security Directorate headquarters.
The acquisition marks the beginning of a landmark mixed-use development that will transform one of Cairo's most iconic Nile-front locations into a world-class hospitality, entertainment, lifestyle, and investment destination.
Commenting on the announcement, Eng. Mohamed Shibl, Chairman of Novara Holding, described the project as a defining milestone in the company's long-term strategy.
"This is far more than a real estate development. It is an opportunity to transform one of Cairo's most iconic locations into a destination worthy of its history, strategic importance, and extraordinary setting on the Nile."
He explained that the site occupies one of the city's most valuable locations, offering uninterrupted Nile views while sitting at the crossroads of Cairo's most important urban landmarks.
Located within minutes of Cairo University, Cairo Tower, Downtown Cairo, and the capital's primary transportation corridors, the development enjoys exceptional accessibility and investment value, positioning it to become one of Egypt's premier hospitality and entertainment destinations.
Shibl emphasized that Novara Holding's philosophy extends beyond constructing buildings.
"At Novara, we don't simply develop projects—we create destinations. Our vision is to redefine how people experience exceptional places by combining international hospitality, entertainment, premium services, and thoughtfully designed public spaces into one integrated destination."
He added that the company is currently completing the project's master planning and design phase in preparation for its official launch.
During the upcoming announcement, Novara Holding will unveil the project's name, masterplan, development vision, international engineering and architectural consultants, hospitality partners, and global strategic collaborators who will contribute to delivering this landmark destination according to the highest international standards.
Shibl concluded by saying that the development reflects Novara Holding's commitment to creating projects that contribute to Egypt's urban transformation while supporting the government's strategy to maximize the value of premium locations and further strengthen the country's tourism and investment sectors.
Novara Holding is an Egyptian real estate and hospitality developer dedicated to creating world-class destinations that redefine luxury, innovation, and sustainable urban living.
The company specializes in developing premium mixed-use, hospitality, tourism, and luxury residential destinations through strategic partnerships with internationally recognized hospitality brands and leading global consultants.
Its growing portfolio includes Reve du Nil in Cairo and Reve D'ile on the Red Sea coast, both developed in collaboration with IHG Hotels & Resorts, reflecting Novara Holding's commitment to delivering internationally benchmarked hospitality destinations that elevate Egypt's tourism and real estate landscape.