Abou El-Enein to "Al Sharq": Cleopatra Group Aims to Pump New Investments in Egypt worth $3.9 bn in 2024

The Cleopatra Holding Group aims to inject new investments of about EGP120 billion ($3.9 billion) in Egypt during 2024 in the tourism and industry sectors, according to Mohammed Abou El-Enein, the group's chairman in an interview with Al-Sharq.

رئيس مجموعة كليوباترا القابضة، محمد أبو العينين لـ"الشرق": نستهدف ضخ استثمارات جديدة في #مصر بنحو 120مليار جنيه (3.9 مليار دولار) في2024 منهم 100 مليار جنيه بالقطاع السياحي و20 مليار جنيه بالقطاع الصناعي

التفاصيل:https://t.co/VpAjkOmqLI@mohammedsa3eed#الشرق_مصر#اقتصاد_الشرق pic.twitter.com/ppJ0MlpKOe

— اقتصاد الشرق – مصر (@AsharqbEGY) November 14, 2023

Abou El-Enein added during the interview on Tuesday on the sidelines of the Egyptian-Qatari Investment Economic Forum held in Cairo, that his group is working to add new production lines in the ceramic factories, in addition to the establishment of a number of new hotels in the North Coast and Marsa Matrouh with a capacity of up to 2500 rooms, as well as increasing the capacity currently in the hotels of Sharm El-Sheikh and Hurghada.

It is noteworthy that "Cleopatra Group" is an Egyptian holding company, which was established in 1982 by Abou El-Enein, and owns more than 13 subsidiaries in various fields including ceramics, cement, tourism, hotels, real estate development, agriculture, food industry, and media.