The interest was conveyed during a meeting with Hossam Heiba, executive director of Egypt's General Authority for Investments and Free Zones (GAFI).
A delegation of the China Textile Council recently visited Cairo expressing interest in establishing an integrated textile city in Egypt. The interest was conveyed during a meeting with the CEO of the Egyptian General Directorate of Investments and Free Zones Hossam Heiba. The proposed $300 million textile city will include all industrial phases.
The proposed $300 million textile city will cover all phases of the industry.
Heiba emphasized Egypt's commitment to attracting more Chinese companies, especially in the textile sector, while acknowledging the importance of this sector for economic growth and development , according to Egyptian media.
He introduced potential locations such as Damietta, Sadat and New Alamein, where the government plans to establish new industrial and free zones to encourage foreign direct investment.
Fiber2 Fashion News Desk (DS)
