UAE – Mubasher: Emirati MBF Group Holdings and Establishments currently considers injecting EGP 300 billion investments in Egypt by building six investment cities in Suez Canal axis, according to the Emirates News Agency (WAM).

The chairman of MBF, Sheikh Mohammed Al Qassimi, said that the group will build maritime, tourist, financial, residential, recreational, and medical cities in cooperation with an alliance of specialised Egyptian and international companies as well as banks, the state-run news agency reported on Monday.  

To supervise the establishment of the cities, the group will inaugurate an office at ‘Cairo Festival City’ in the coming period.