Sahar Nasr Confers With Businessmen on Investment Opportunities in EgyptSource: www.export-egypt.com 3/13/2017, Location: Africa |
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 Investment and International Cooperation Minister Sahar Nasr met with Chairman of Naeem Holding for Investment Hussein Shobokshi and Abdullah el-Noqrashi, the director general of Majid Al-Futtaim Group in Egypt where they discussed means of increasing their businesses in the country.
A statement by the Ministry said Naeem Holding for Investment already received a permit to establish the first Egyptian real estate fund worth one billion pounds. the fund will help individual businessmen and institutions to invest in high-value assets, the statement noted. Majid Al-Futtaim Group is likewise seeking to expand its investment plans in Egypt, Noqrashi was quoted as saying. The Group is particularly eyeing labor-intensive projects, such as the Mall of Egypt which cost some 722 million dollars, Noqrashi added. An investment plan is currently being outlined in coordination with all ministries concerned to pinpoint business opportunities in the different governorates, Nasr told Noqrashi. |
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