Egypt’s PM discusses business complex projects with CEO of CTP Invest
CTP plans $600m investments in Egypt over five years
CTP is looking to inject long-term investments worth from $300 million to $600 million into Egypt over five years, the CEO Remon Vos revealed.
The company plans to build two business complexes each over an area of 2 million square metres, Vos said in his meeting with the Prime Minister, Mostafa Madbouly, in the presence of the Executive Director of the General Authority for Investment and Free Zones (GAFI), Mohamed Abdel Wahab, along with officials at CTP, according to a cabinet statement on Sunday.
The planned business complexes are expected to create 14,000 direct jobs, Vos added.
CTP pumps long-term investments into the country through acquiring land plots to build industrial facilities in order to attract more foreign investments and create jobs as the company owns more than 6.3 million square metres in above 100 sites.
