CAIRO – 14 February 2021: CTP company intends to pump new long-term investments in Egypt estimated at $300-600 million within 5 years, CEO and founder of the company, Remon Vos, stated on Saturday evening. Vos clarified that the investments would be through the establishment of two business complexes in Cairo on an area of ​​2 million square meters each, providing 14 thousand direct job opportunities. This came during Vos’s meeting with Egypt’s Prime Minister Mostafa Madbouli, in the presence of CEO of General Authority for Investment & Free Zones (GAFI) Mohamed Abdel Wahab, and a number of company officials. “The company is pumping a long-term investment through owning land to establish industrial buildings on it, which contributes to bringing more foreign investments and providing many job opportunities,” he clarified. The Prime Minister also directed the GAFI to complete discussions with the company to study the most appropriate business model for implementing the project, including the proposal for partnership with the government, and to present what is agreed upon with the company.

Source: Egypt Today February 14, 2021 14:37 UTC