Majid Al Futtaim has signed a deal with Egypt to invest EGP 5 billion in eight projects in Egypt.
The projects will cover shopping malls in Greater Cairo.
Egypt's Investment Minister Ashraf Salman, Cairo Governor Galal el Said and Alain G. Bejjani, the Chief Executive Officer at Majid Al Futtaim Holding, signed the agreement.
Founded in 1992, Majid Al Futtaim is the leading shopping mall, retail and leisure pioneer across the Middle East and North Africa.