Chinese investors to build EGP 100 mn fodder factory in Egypt’s Luxor this year

Unnamed Chinese investors are planning to invest EGP 100 mn this year in a new animal fodder production facility in Luxor, director of the governorate’s investment authority Nora Ahmed said. The investors are due to submit a financial feasibility study to the governorate in 45 days. Governor Mohamed Badr had met with the investors earlier this year to discuss their plans and other potential investments in agriculture, renewable energy, and tourism projects.