Cleopatra Group, one of Egypt’s largest private sector industrial conglomerates, is tapping the oil sector and is currently assessing some fields in Egypt and abroad to invest in, according to Mohamed Aboul Enein,  the Group’s founder and chairman.

In an interview with the  Asharq News channel, Aboul Enein said that a company has been formed for this purpose and the company is preparing for the next step. “The mineral resources we have in Egypt are great, and it is time to invest in them. We applied for some fields for assessment, but have not made any final decisions yet,” said Aboul Enein while expressing his interest in investing internationally, explaining that the new interest in the oil sector is to diversify the Group’s activity.

Cleopatra Group is an Egyptian holding company, established in 1982 by businessman Mohamed Aboul Enein. It owns more than 13 subsidiaries in various sectors, including ceramics, cement, tourism, hotels, real estate development, agriculture, food processing, and media.