Cairo Investment eyes strategic partner to complete expansions

Cairo Investment & Real Estate Development - (CIRA) considers many restructuring offers in Egyptian market, firm investor relation manager Laila Kamel without providing details about winning firms.

Kamel added that firm cooperation with HSBC is to find a strategic partner to complete its expansions in the light of low liquidity.

She added that the firm agreed with Caltex company to extend contract (between 2 to 5 years) to run oil station in Makram Ebid.

In real estate investments, Kamed said that Cairo Investment completed 10 residential blocks in Mukattam area at L.E 80 million selling value.