Egypt's retail industry to benefit from investment

Majid Al-Futtaim, a Dubai-based retail giant, is planning to build four new shopping malls in Cairo for $1.6 billion as well as establish 32 new hypermarkets for $700 million, according to a report on Ventures Africa.

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Ventures Africa: Al-Futtaim To Invest $2.5bn In Egypt's Retail Industry... According to the article, the retailer is set to raise its investment in Egypt by a reported $2.5 billion through these projects.