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Orange to invest EGP 4bn in Egypt in 2020

Orange to invest EGP 4bn in Egypt in 2020
Orange among the 4 biggest French companies investing in Egypt
Orange
OREG
-8.53% 10.89 -0.98

Cairo – MubasherOrange Egypt for Telecommunications is planning to pump around EGP 4 billion investments in Egypt during 2020 to develop and upgrade infrastructure all over the country.

The newly-announced investments will see the company’s total investments in Egypt reach more than EGP 60 billion, according to a statement released on Wednesday.

In 2017, Orange increased the capital of its unit in Egypt to EUR 750 million (EGP 15 billion).

The telecom company has become one of the four biggest French companies investing in the North African country.