The Clap
Islam Naguib, Chairman of Mansoura Poultry, shared that the company plans to invest more than EGP 10mn to expand its operations.
What
The statement was made after the New Urban Communities Authority agreed to allocate a piece of land for the company, which “Naguib” said would be used in the expansion plan, which includes developing the activity of fattening chickens.
So what
Mansoura Poultry’s expansion plan is one way it’s responding to the current crisis in the poultry market, which is currently being worked on by the government.
Now What
The EGP 10mn will be financed from the proceeds from selling its poultry subsidiary Koko Elsafwa.
