Industry

China Shows Interest in Setting up $300mn Egypt Textile City

Textile Insights April 26, 2024

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

Industry

Egypt Becomes Attractive For Turkish Textile & Apparel Sector

Textile Insights March 12, 2024

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

Industry

Massive Hike In Credit Facility For Egypt Textile Mill Modernisation

Textile Insights February 13, 2024

A consortium of Swiss banks has increased the credit limit of Egyptian government owned Cotton, Spinning, Weaving and Garment Holding Co. The consortium which includes Credit Suisse, UBS Switzerland and other Swiss banks agreed to increase the existing credit facility from €20 million to a massive €375 million. The higher credit limit will continue to […]

Industry

Egypt Set To Open Biggest Spinning Mill With 182,000 Spindles

Textile Insights January 12, 2024

Egypt is all set to inaugurate its largest spinning mill in El Mahalla El Kubra city in February, which has been set up by the Cotton and Textile Industries Holding Co, a government entity. The new project was implemented under the national project for the development of the spinning, weaving, and textile industries, Minister of […]

Industry

Egypt Attracts More Investments from Chinese Textile Firms

Textile Insights October 17, 2023

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 […]