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FINANCIAL NEWS
Dubai’s Majid Al Futtaim to invest USD2 b in Egypt
22 Jan 2014
(MENAFN) Chief executive of Dubai-based retail group Majid Al Futtaim said that the company will invest USD2.3 billion in Egypt, according to Arabian Business.
Iyad Malas said: “Total investments on the plan, including Carrefour, should be around 16 billion Egyptian pounds over the next four to five years.”
Dubai’s firm will construct a USD458 million mall in Cairo’s Maadi, and another mall next to Cairo’s main airport at the almost the same cost that is expected to start working on next week.
More News
08 Apr 2026
BBK awards over BD 1 Million to 273 winners in the February Al Hayrat Grand Prizes draw
01 Mar 2026
BBK activates partial remote working system for its workforce to ensure employee and customer safety and service continuity
24 Feb 2026
BBK discloses its financial results for the year ended 31st December 2025
05 Feb 2026
BBK announces December Al Hayrat Grand Prize winners and another wave of Grand prizes for February
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