Alaa Al Sakty, Head of Badr Investors Association, and Leader of Egyptian Investors Team in Ethiopia, has revealed that 80% of factories in Badr city suspended; incurring losses of $ 95 million due to the violence incidents transpired during the June 30 protests.
Al Sakty, in statements to “Amwal Al Ghad”, said most of the factories gave one-week holiday to their workers till the economic and political conditions in the country stabilize. He added that a large number of workers reside in other governorates, this matter led to exaggerating the transport problem along with the diesel shortage crisis.
Furthermore, the current incidents in Egypt will completely affect the investment in general; mentioning that some investors confirmed that they seek investing in the Egyptian market regardless of the continuity of Muslim Brotherhood regime.
