FIRST EGYPTIAN INVESTMENT IN RS

On 10th July in Foca, within the former company "Maglic", it was opened a plant for the pellets production in which the Egyptian businessman Mohammad Fekri have invested four million Euros.  

This is the first Egyptian investment in RS, which has great significance for Foca and its citizens.

The owner of the renovated facility of wood assortments in Foca Mohammad Fekri thanked the RS Government for exceptional support during the project realization, which employs 50 workers.

According to Mr. Fekri, the plan is to hire 100 more employees next year. He already has a similar enterprise in the Municipality of Ustikolina in FB&H.