Egyptian food and meet producer El-Hassan and El-Hussein for Industrial Investment and Trading eyes establishing a new factory after restoring its land plot in Port Said industrial zone.
Speaking to Amwal Al Ghad Tuesday, company’s Chairman Hassan Ghaly stated that he project is set to be built with investments worth 200 million Egyptian pounds (US$22.5 million) on space of 20,000 square metres .
He added that Port Said governorate has recently seized the land plot on which the project is set to be established despite paying all agreed upon sums and having engineering designs for the project.
Chairman Ghaly clarified that he is scheduled to meet Egyptian Primer Sherif Ismail within the coming few days to showcase the current situation of the project, urging the government to solve the dispute to get the land plot back.
El-Hassan and El-Hussein has paid around 22 million pounds within the last few years to purchase project’s land and provide necessary equipments for the set-to-be-built factory, the official clarified.
Moreover, the chairman added that the group held meetings with a number of officials at state’s Industrial Development Authority (IDA) and Federation of Egyptian Industries (FEI) to halt the decision of Port Said governor related to suspending project’s licences.