Egypt’s Badr Investors to Launch Holding Firm with EGP200mmn within 10 Days

Egypt’s Badr Industrial City Investors started the launch of holding firm with the aim of developing the city with initial capital worth EGP200 million, Alaa Al Sakty, chairman of the board revealed.

It will be launched the firm in cooperation with Housing Ministry so as to complete all the suspended infrastructure projects entire the city, noting that it will announce the names of investors ,shareholders and the members of the firm’s board today, Al Sakty noted.

Speaking to Amwal Al Ghad on Thursday, Al Sakty added that the firm’s task will focus on establishing new factories, making facilities works in the industrial areas, establishing residential city for the factories’ employees and launching permanent exhibition of the factories’ products.