CAIRO, Egypt’s Cleopatra Group plans to invest approximately $50 million in new industrial and technology activities, including its first entry into cybersecurity and outsourcing, chairman Mohamed Abou El Enein said on Friday, as the conglomerate seeks to diversify beyond its established businesses.
Speaking to Asharq Bloomberg on November 6 during an international entrepreneurship event in Cairo, Abou El Enein said the group had earmarked approximately $50 million for a data centre and technology project in Ain Sokhna, east of Cairo
The group is targeting January 2027 to begin operations in cybersecurity, data centres and outsourcing, although construction schedules, computing capacity and prospective commercial partners have not been disclosed.
The proposed investment marks a diversification for Cleopatra, whose principal interests include ceramics, manufacturing and tourism. Abou El Enein separately referred to approximately €60 million in industrial investment during 2026, but did not clarify whether this overlaps with the previously announced dollar-denominated spending.
Cleopatra is also expanding its tourism operations. Abou El Enein put the group’s existing tourism investments at $600 million–$700 million and said it aimed to double hotel capacity to 4,000 rooms within two years.
The technology expansion comes as Egypt seeks to increase exports of digital services and attract investment in computing infrastructure.
According to Egypt’s Information Technology Industry Development Agency, outsourcing exports reached $5.2 billion in fiscal 2025/26, with the government targeting $6.4 billion in 2026/27.
On November 7, Investment Minister Mohamed Farid Saleh said Egypt was preparing a package of land, licensing and infrastructure arrangements to attract data-centre investors, in coordination with the communications and electricity ministries.
For Cleopatra, the proposed expansion offers access to recurring revenues from enterprise technology services and potential foreign-currency earnings.
However, the group has yet to disclose the financing structure, customer contracts, employment targets or projected operating capacity of its Ain Sokhna project. The two references to $50 million have not been established as separate investment commitments.
The immediate test will be whether Cleopatra can move from its announced January launch target to operational facilities and contracted technology services.
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