MAF to invest USD 500 mn in Egypt next year

INVESTMENT WATCH- MAF to invest USD 500 mn in Egypt next year: Majid Al-Futtaim Group (MAF) is planning to invest USD 500 mn in Egypt next year, Executive Regional Manager Herve Majidier told Al Mal. The company is aiming to open 15-18 new Carrefour outlets of varying sizes including branches in Beni Suef, Aswan, Sharkiya and Gharbiya. Majidier expects to open two or three outlets before year-end.