Ahmed Bahgat, chairperson of the board of directors of Bahgat Group, announced the completion of procedures for reconciliation with both the Egyptian government and banks in the country within the next few weeks, according to a Wednesday press statement from his representatives.
The statement indicates that the current negotiations with the government will lead to major investment activities to support the Egyptian economy during the coming period.
Bahgat announced that a press conference will be held to reveal the negotiations’ progress, the investments carried out by his group, and its planned future investments.
Bahgat firmly refused the rumours about the group’s plan to exit the Egyptian market, the statement added.
