Back to the complete issue
Monday, 15 February 2021

CTP Invest to build USD 600 mn worth of business parks in Egypt

European industrial developer CTP Invest plans to invest USD 300-600 mn in Egypt over the next five years, according to a cabinet statement. The investments will be earmarked for two business parks that could help create as many as 14k jobs, the company’s CEO Remon Vos told Prime Minister Moustafa Madbouly during a meeting on Saturday.

About the company: CTP Invest is a European industrial property developer and logistics firm with a portfolio of industrial and commercial real estate across central and eastern Europe. The company controls more than 6.3 mn sqm of land in more than 100 sites worldwide, serving 700+ clients from various industries.

Enterprise is a daily publication of Enterprise Ventures LLC, an Egyptian limited liability company (commercial register 83594), and a subsidiary of Inktank Communications. Summaries are intended for guidance only and are provided on an as-is basis; kindly refer to the source article in its original language prior to undertaking any action. Neither Enterprise Ventures nor its staff assume any responsibility or liability for the accuracy of the information contained in this publication, whether in the form of summaries or analysis. © 2021 Enterprise Ventures LLC.

Enterprise is available without charge thanks to the generous support of Commercial International Bank (tax ID: 204-891-949), the largest private-sector bank in Egypt; EFG Hermes (tax ID: 200-178-385), the leading financial services corporation in frontier emerging markets; SODIC (tax ID: 212-168-002), a leading Egyptian real estate developer; SomaBay (tax ID: 204-903-300), our Red Sea holiday partner; Infinity (tax ID: 474-939-359), the ultimate way to power cities, industries, and homes directly from nature right here in Egypt; CIRA (tax ID: 200-069-608), the leading providers of K-12 and higher level education in Egypt; Orascom Construction (tax ID: 229-988-806), the leading construction and engineering company building infrastructure in Egypt and abroad; and Act Financial (tax ID: 493-924-612), the leading activist investor in Egypt; and Abu Auf (tax ID: 584-628-846), the leading health foodmaker in Egypt and the region.