10 Ramadan City Awaits EGP 2 bln Investments

Under construction projects in the industrial zone of 10 Ramadan city recorded EGP 2 billion, distributed on 464 factories in different productive sectors; engineering, chemical, food and mining. These factories provide about 25.000 job opportunities.

Ayman Reda, secretariat of 10 Ramadan Investors Association, told Amwal Al Ghad that the lack of natural gas in some regions of the industrial zone is the one of the obstacles of operating these factories.  Also the absence of the trained and skilled worker who meets the needs of these factories is another obstacle.

One of the reasons which delayed operating these factories is the instability, as well the fall that the country witnessed last period, as a result the investor preferred not to operate these factories till the country witnesses the stability of the security and economic states.

He said the investors in 100 Ramadan await the steps which the new government will take towards the stalled factories, under construction projects and the lack of industrial lands to implement a number of expansions in the industrial zone.