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Wednesday, 11 May 2016

Al-Futtaim Group plan EGP 1 bn in contracts in 2016

Al-Futtaim Group plans to sign EGP 1 bn in contracts in 2016, said Managing Director Mohamed Al Mikawi. The company will also increase its investment in Cairo Festival City by EGP 2 bn, bringing the total investment in the project to EGP 19 bn, he said. “The company completed the designs of a sports club inside Cairo Festival City and is studying opening membership,” Al Mikawi said, noting the company will not participate in the new administrative capital or any tourism projects. (Read)

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