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Al-Futtaim to invest US$700m in Egypt

Cairo

DUBAI-BASED conglomerate Al-Futtaim Group said on Tuesday it would invest US$700 million in Egypt over three years and pay the government US$30.5 million as part of a settlement reached last week over a long-standing land sale dispute.

Mohamed al-Makkawi, Al-Futtaim's Egypt CEO, told reporters the...

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