Majid Al Futtaim Retail to invest over EGP 750 million in Egypt by 2025

Majid Al Futtaim Retail is planning to invest more than 750 million Egyptian pounds ($39.1 million) in Egypt by 2025, said Country Manager of Majid Al Futtaim Retail Philippe Peguilhan on Wednesday.

“By prioritising the community in which we operate, Majid Al Futtaim Retail continues to expand on its investments in Egypt and remains dedicated to providing job opportunities for the Egyptian public,” Peguilhan added.

He made his remarks when Majid Al Futtaim’s beauty concept store myli opened its fifth branch in Egypt at Arkan Plaza in Sheikh Zayed.

The store, myli offers a wide variety of products including cosmetics, fragrances, and hair and skincare products.

With more than 6,000 products, myli operates in Egypt through five stores, and the sixth is expected to be opened by the end of the year.

The new store is a part of Majid Al Futtaim Retail’s plan investment in the North African country.