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Egypt’s Minister of Agriculture and Land Reclamation, Eng. Reda Ismail, said Agricultural Reclamation Holding Co. lost EGP 5 million, and became unable to pay salaries to its workers.
The minister called for closing down the company, which includes 6 reclamation companies,. The company has sold its shares to workers and became not in the possession of the state. It transformed from public sector by law 203 to private sector by law 159.
