27 September 2020 10:16 AM

New investment opportunities worth US$ 1 billion in Maadi technological area

Monday، 20 July 2009 - 12:00 AM

"New investment opportunities worth one billion dollars will be available in Cairo’s Maadi Technological Area," Minister of Communications Tareq Kamel said Tuesday21/10/2008 in statements on the sidelines of Euromoney Conference.

Kamel invited a number of international technological companies to invest in the area, which is expected to attract one billion dollars in investments in the coming three years.

The communications and investment ministries have already pumped L.E. 250 million in investments in infrastructure projects in the area, the minister said.

Every Egyptian and international company is invited to establish 20 buildings in the area which already houses 40 buildings, to be allocated for IT and offshore business companies, Kamel added.

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