The Cairo Chamber of Commerce's readymade garments division plans to establish a EGP 3 bn mall in the 1st Settlement in partnership with the private sector for manufacturers to sell their products, division head Amr Hassan told the local press. Hassan said that the private sector will bear 75% of the cost, while manufacturers will pay for the remaining 25%. Construction on the mall is set to begin in 1Q2020, with further expansions in the pipeline.
More from Enterprise
Israel’s Arkia Airlines moves flights to Egypt’s Taba to bypass wartime airspace restrictions
Israel’s Arkia shifts some flights to Egypt as airspace tightens…
Miga guarantee unlocks USD 313 mn for National Bank of Egypt trade finance
Plus: Incolease taps securitization market with debut EGP 2 bn…
Private capital hasn’t frozen in MENA — but the exit playbook could change if the war drags on
PE and VC-backed companies were already pivoting to local exchanges…
Telda moves into investing with zero-fee stock trading
Telda claims users can sell a position and immediately spend…