Al Ismaelia Al-Ismaelia

Al Ismaelia for Real Estate Investment invests 69 million EGP to renovate Downtown Cairo’s Iconic Building and launches Consoleya

22 June 2021


Al Ismaelia for Real Estate Investment announced the renovation of the old French Consulate and the launch of its latest project Consoleya, at a press conference held at the iconic building in Downtown Cairo.

Consoleya is a joint venture between Al Ismaelia for Real Estate Investment and the renowned entrepreneur Hanan Abdel Meguid. The conference was attended by Karim Shafei, Co-Founder, Chairman & CEO of Al Ismaelia, as well as Hanan Abdel Meguid, Co-Founding Partner of Consoleya.

Consoleya is a fully serviced shared office space located at the old French Consulate building in Downtown Cairo. Starting with a vision to create an engaging and versatile workspace environment at an affordable price, Consoleya aims to attract young, energetic, and tech-savvy entrepreneurs. Consoleya does not only introduce an economically strong spirit in Downtown, but also serves as an important catalyst for the city’s economic recovery.

The Consoleya is setting a new benchmark for coworking spaces in Egypt. It caters to the new remote work needs by providing a variety of plug and play spaces like dedicated offices, shared spaces, multipurpose meeting rooms and event spaces. The Consoleya experience and facilities allow small companies to act like big companies with an affordable membership cost; while allowing big companies to benefit from the shared facilities so that it fits their ever-changing work needs. There are various ways and flexible membership options to utilize and access the services at the facility, all perfectly designed and suited for individuals as well as organizations.


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