Free Republic

The investment plan is positive for Egypt’s army-backed government, which is trying to attract foreign money back to the country and create jobs to ease social discontent as it manages a difficult transition to elections this year... MAF, the sole franchisee of French retailer Carrefour in the region, will expand one of its shopping malls in Cairo’s Maadi district at a cost of EGP 3.2bn, and begin construction next week of another mall next to Cairo’s main airport that will cost a similar amount, Malas said. In addition, the company expects to complete construction of its “Mall of Egypt” project...