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Wednesday, 26 October 2016

SAMA Group to increase its investments in Egypt to EGP 8.3 bn during 2017

Sama Group is aiming to increase its investments in Egypt to EGP 8.3 bn in 2017 from a current EGP 7 bn, Chairman Hassan Rateb revealed, according to Al Borsa. The company is reportedly targeting expansions in the real estate and energy sectors. Sama Group is also on the verge of signing an EGP 1 bn agreement with the Housing Ministry for real estate projects in the new Administrative capital, said Rateb.

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