Informed and reliable sources confirmed that an investor was making persistent efforts to sell the ready-made clothing factory and the leather industries factory in a manner that violates all laws.

Youssef Abdel-Wadud had seized control of the two factories after the summer of 94 AD through the privatization and investment portal, according to an investment contract concluded in favor of Abdel-Wadud in the year 97 AD under the pretext of establishing a commercial, industrial, and service project. However, his investment did not see the light of day, despite the passage of nearly 26 years. Since the signing of the contract, without the intervention of the competent authorities due to the man’s connection to centers of power and influence at the time.

Recently, according to confirmed information, Youssef Abdel-Wadud, based on his social relations with the Chairman of the Presidential Leadership Council, Dr. Rashad Al-Alimi, is trying to sell the factory space to influential southern merchants or those linked to the transitional transition to facilitate the passage of the absolutely illegal sale process.

The area of ​​the two factories is more than ten thousand square meters and is located between the Express Gas Station and the Mansoura Power Station.

The law prohibits the sale of any investment lands that are considered owned by the state, and even requires that the land be withdrawn from Abdel-Wadud and his contract canceled according to the investment law.

Scoop 24 News is following up on more details with the competent authorities in the Ministry of Industry and Trade and the responsible authorities in the governorate to publish more details about these endeavors.