Cleopatra Holding to invest EGP 12B in 2025
Updated 2/9/2025 7:20:00 AM
Arab Finance: Cleopatra Holding is planning to invest EGP 12 billion in 2025, focusing on expanding in the ceramics, porcelain, tourism, and energy sectors, Egyptian businessman Mohamed Abou El Enein, founder and chairman of Cleopatra Holding, told Asharq Business.
Abou El Enein revealed that the group intends to enter the petroleum sector next year.
Cleopatra Holding, established in 1982, is a leading Egyptian conglomerate with over 13 subsidiaries operating in various sectors, including ceramics, cement, tourism, real estate development, agriculture, food industries, and media.
Abou El Enein disclosed that Cleopatra Holding will open a large-scale tile factory within a month, with total investments of EGP 6 billion.
Half of this amount has already been injected, with the remaining EGP 3 billion to be invested before the end of 2025.
On the tourism front, the group will open four new hotels in 2025, with a hotel room capacity of 2,000 rooms.
Abou El Enein noted that Cleopatra Holding is considering listing its subsidiary specializing in malls on the Egyptian Exchange (EGX), expecting the offering to take place within the next two years.
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