Mohamed Mohi Eldein, investment director at Misr El Kheir Foundation, said that the foundation is launching five investment funds under the auspices of Mohamed Omran, chairperson of the Financial Regulatory Authority.
This came on the sidelines of the fourth annual Corporate Social Responsibility (CSR) Forum, which is held this year under the title “Development drivers in various sectors”.
Mohi Eldein explained that the five investment funds that the foundation intends to launch cover five main sectors: health, education, scientific research, disabilities, and social solidarity.
He added that the foundation has investment projects to help in providing many services to citizens, pointing out the existence of about 170 programmes in development activities.
Mohi Eldein said that the foundation will launch 10 clothing factories in Minya, announcing that the official inauguration of the first factory will be within weeks.
He pointed out that the first plant will provide 700-1,000 direct job opportunities, explaining that after finishing the other nine factories, they will provide 7,000-10,000 direct job opportunities.