Majid Al Futtaim Retail plans to invest LE 750M in Egypt within 3 years

CAIRO - 22 December 2022: UAE’s Majid Al Futtaim Retail Group plans to invest LE 750 million in Egypt during three years from 2023 to 2025m according to the Country Manager of the Group in Egypt, Philippe Peguilhan.

 

Peguilhan elaborated that 2023 allocates LE 400 million of the total amount of the investment plan.

 

He explained that Majid Al Futtaim Retail aims to launch a retail school in 2023.

 

“The company's actual investments in Egypt amount to LE 2.3 billion so far,” according to Peguilhan.