Wadi El Natrun Receives EGP 500 mln investments

Industrial zone of Wadi El Natrun in Al Buhayrah governorate received new industrial investments with EGP 500 million, distributed on 40 factories during Q1 of 2012.

Fathey Morsi, chairman of Al Buhayrah Investors Association and member of the Higher Committee for Investment in the governorate, said the new factories work on varied productive sectors; such as the food, chemical, engineering, metal, and spinning and weaving industries. The factories got a plot of land with EGP 140 per meter which to be paid on 3 years; plus the owners should operate the factory after a year as maximum period.
Morsi told Amwal Al Ghad that the industrial zone of Wadi El Natrun is ready to receive more investments during the coming period, due to facilities of the governorate which to allow investors get lands for constructing their factories.