Chinese delegation keen to set up integrated textile city in Egypt

26 Apr '24

1 min read

Chinese delegation keen to set up integrated textile city in Egypt

Pic: Adobe Stock

Insights

A Chinese Council for Textiles and Readymade Garments delegation that recently visited Cairo expressed interest in setting up an integrated textile city in Egypt.
The interest was conveyed during a meeting with Egypt's General Authority for Investment and Free Zones CEO Hossam Heiba.
The proposed $300-million textile city would cover all industrial stages.

A delegation from the Chinese Council for Textiles and Readymade Garments that recently visited Cairo expressed interest in setting up an integrated textile city in Egypt.

The interest was conveyed during a meeting with Hossam Heiba, chief executive officer of Egypt’s General Authority for Investment and Free Zones (GAFI).

The proposed $300-million textile city would cover all stages of the industry.

Heiba emphasised Egypt's commitment to attracting more Chinese companies, particularly in the textile sector, acknowledging the sector's importance for economic growth and development, according to Egyptian media reports.

He showcased potential sites like Damietta, Sadat and New Alamein, where the government plans to establish new free and industrial zones to encourage direct foreign investment.

Fibre2Fashion News Desk (DS)

More Textiles News - Egypt...