Establishment of a joint stock company to exploit the waste of palms and manufacture of wood panels in the New Valley
30 October 2017
Establishment of a joint stock company to exploit the waste of palms and manufacture of wood panels in the New Valley

Major General Mohamed Zamlout, governor of the New Valley, said that the first goal from the conference of the palm manufacturing, which started on Sunday and continues on Monday, it was agreed to establish a joint stock company for the manufacture of wood pallets of palm (MDF) will be offered shares to subscribe in the new Valley and other provinces, a little while.
- The governor approved the allocation of 30 acres to create 3 factories by 10 acres for each plant in (Kharga - Dakhla - Farafra), for the establishment of wood factories and a fertilizer factory and a biofuel plant by a factory in each center
He added that the land will be allocated immediately to set up the company's factory free of charge within 15 days, provided that the period of grace is six months, after which the land allocated for this purpose will be withdrawn if the work is not started.

Dr. Mohamed El Meligy, Chairman of the scientific union, said in a press statement that the union is the first shareholder in this large project with a capital of one million pounds. The members of the union will contribute one million pounds to the project.