SOHAG, Egypt: A fifth of factories in the industrial zone of the upper Egyptian governorate of Sohag have stopped due to poor marketing after the January 25 Revolution, according to the head of the Sohag Investors Association. Mahmoud el-Shendwyli said the work stoppage traces back not only to poor marketing, but also to financial issues and a shortage of capital required for raw materials. The association will resume negotiations with the National Bank of Egypt to find resolutions to all these problems and obtain the required capital, Shendwyli noted. The bank is considering solutions for three of the nine companies, while reconciling the accounts of four companies.
