Madbouly: “Al-Investment” negotiates with the company to determine the most appropriate model for implementing the project, including partnership with the government
Voss: The company intends to establish a business complex of 4 million square meters that will provide 14,000 job opportunities
The “CTP” company, which specializes in establishing business parks, plans to pump investments in Egypt to the value of 600 million dollars within 5 years.
Dr. Mostafa Madbouly, Prime Minister, held a meeting with Raymond Foss, CEO and founder of the “CTP” company specialized in establishing business complexes, in the presence of Counselor Mohamed Abdel Wahab, CEO of the General Investment Authority, and a number of company officials.
Raymond Voss indicated that the company intends to pump new long-term investments in Egypt estimated at 300-600 million dollars within 5 years, by establishing two business complexes in Cairo on an area of 2 million square meters each, providing 14 thousand direct job opportunities.
The CEO of the company added that the idea of business parks is based on constructing high-quality buildings, which are CTP business complexes, by making use of its 22 years of experience, in Europe, in the field of industry and logistical development.
He continued: The company is pumping a long-term investment through owning land to establish industrial buildings on it, which contributes to bringing in more foreign investments and providing many job opportunities, as the company owns more than 6.3 million square meters in more than 100 sites, and more than 700 clients from major international companies, representing various industries.
The project, which the company is requesting to set up in Egypt, includes the main logistical center of the city, research centers and test centers, areas for entrepreneurship, an area for small businesses and light industries, and huge stores for logistical activities and delivery.
For his part, the Prime Minister praised the expertise that the company possesses, which it has gained from the long years of work in Europe, expressing the Egyptian government’s welcome to the company’s endeavor to invest in Egypt and transferring its experience in the field of establishing and managing business complexes.
The Prime Minister also directed the General Investment Authority to complete discussions with the company to study the most appropriate business model for implementing the project, including the proposal for partnership with the government, and to present what is agreed upon with the company.
The article “CTP” plans to set up business parks in Egypt with investments of $ 600 million was written in Al-Borsa newspaper.