The Dubai-based Majid Al Futtaim Group said on Tuesday that it would pump five-billion-pound investments into the Egyptian market in three years.
This move comes as part of the group's endeavors to complete the second phase of the Cairo Festival City project.
Managing Director Mohamed el-Mekkawy said a deal was signed with the Egyptian government to implement the second phase of the project, on which the 19-billion-pound project will be established.
He thanked the Egyptian government for its efforts to improve the climate of investments in Egypt.