Morsi Approves EGP12 bln National Venture In El Menya

 Dr Mostafa El Saeed, Governor of El Menya, has stated that President Mohamed Morsi approved the executive procedures for a national investment venture in El Menya governorate, at EGP 12 billion total investing cost, in the coming five years.

The governor added that the project will provide 750.000 job opportunities for the youth in the governorate and the neighborly ones. The venture is divided into seven parts; the first part is about manufacturing.

The second pivot of the venture concerns housing, as it will provide as to 70.000 housing units. The third part is about agriculture; particularly planting afforestation, which produce oil, besides planting 100.000 acres.

The fourth one is to implement a pastoral activity for the livestock on an area of 100.000 acres. The rest pivots are about reforming the infrastructure.