20 Chinese textile manufacturers eye investing in Egypt

Image used for illustrative purpose. A labourer works at a textile mill in Mahalla el-Kubra, about 110 km north of Cairo March 5, 2014.
Reuters Images/Mohamed Abd El Ghany

A Chinese consortium expressed its interest in establishing an integrated textile manufacturing city in Egypt with $300mln worth of investments

Staff Writer, Arab Finance

April 25, 2024

PHOTO
Image used for illustrative purpose. A labourer works at a textile mill in Mahalla el-Kubra, about 110 km north of Cairo March 5, 2014.

Arab Finance: Chairman of the General Authority for Investment and Free Zones (GAFI) Hossam Heiba has met with representatives of 20 Chinese firms and consortia to mull boosting cooperation in textiles and ready-made garment industries, as per a statement.

During the meeting, a Chinese consortium expressed its interest in establishing an integrated textile manufacturing city in Egypt with $300 million worth of investments.

For his part, Heiba stressed the Egyptian government’s interest in luring further Chinese investments to Egypt, especially in the textile industry.

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