Egypt’s Cleopatra Group Pumps EGP100mn to Spur Production Growth

Egypt’s largest ceramics maker, Cleopatra Group has pumped new investments worth 100 million Egyptian pounds (around US$14 million) into local market, said business tycoon and chairman Mohamed Abul-Enein.

According to Abul-Enein, Cleopatra’s newest investments are designated to make fresh expansions and upgrade its factories’ production lines.

The Egyptian tycoon further told Amwal Al Ghad that the group’s most recent investments were as well dedicated for tourism and real estate sectors.

The Group is seeking to run its factories at maximum capacity in the coming period, triggered by its recent investments, Abul-Enein noted.

Moreover, he referred to Cleopatra’s plan to carry out more future investments, notably in its tourist projects located in Marsa Alam and Hurghada.