CTP company to pump new investments in Egypt between $300-600M over 5 years

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.

TP company is specialized in establishing business parks.

The CEO of the company added that the idea of ​​business parks is based on the establishment of high-quality buildings, which are CTP business complexes, by making use of its 22 years of experience, in Europe, in the field of industry and logistical development.

“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.

According to Vos, the company owns more than 6.3 million square meters in more than 100 locations, and more than 700 clients from major international companies work with it, representing various industries.

The project, which the company is requesting to set up in Egypt, includes the main logistical center of the city, research centers and test centers, areas for entrepreneurship, an area for small businesses and light industries, and huge warehouses for logistical activities and delivery.

For his part, the Prime Minister praised the expertise that the company possesses, which it gained from the long years of work in Europe, expressing the Egyptian government’s welcome to the company’s endeavor to invest in Egypt and transferring its experience in the field of establishing and managing business complexes.

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.