A delegation made up of representatives from the Chinese textile and apparel industry has expressed interest in establishing a vertically integrated textile city in Egypt at an investment of US $300 million. This announcement came after a meeting between Chairman of the General Authority for
Turkish textile and apparel manufacturers are mulling shifting manufacturing to Egypt due to Egypt’s weaker currency, lower energy and labour costs and also promises of reforms. “Egypt’s shift toward rational policies makes it a very good investment destination for Turkish textile enterprises,” Seref Fayat, head of the apparel division at Union of Chambers and Commodity
Egypt’s SCZONE has inked agreements totaling more than $100 million with Chinese textile and apparel producers to establish factories in the West Qantara Industrial Zone in Egypt. “These agreements were signed during an investment promotion tour in China, the second such tour after the first one in May 2023,” a SCZONE press release said. An […]