Cairo (Etihad)
The Egyptian government announced today, Thursday, that the Emirati Al-Futtaim Group aims to pump investments worth 700 million to one billion dollars in Egypt during the next three years.
Omar Abdullah Al-Futtaim, CEO of the Al-Futtaim group of companies, said that the group has been present in the Egyptian market for 40 years, stressing that the group is working to expand its investments in the Egyptian market, and has a vision to pump investments from 700 million to one billion dollars in Egypt during the next three years. .
This came during a meeting with Mustafa Madbouly, the Egyptian Prime Minister, Omar Abdullah Al-Futtaim, in the presence of Nevin Gamea, the Egyptian Minister of Trade and Industry.
During the meeting, Al-Futtaim reviewed some of the challenges currently facing the retail sector in Egypt, as one of the repercussions of the current Russian-Ukrainian crisis.
At the conclusion of the meeting, the Prime Minister affirmed his appreciation for Omar Al-Futtaim’s initiative to attract investments to Egypt, stressing the possibility of inviting investors from the Al-Futtaim Group’s partners to visit Egypt, to see investment opportunities, with the Egyptian government’s readiness to meet with them, to present all investment opportunities in various sectors, and to provide various incentives. and the necessary facilities.
