FEI: Decision to establish two textile cities in Upper Egypt to support exports
Board Member of the Textile Industries Chamber at the Federation of Egyptian Industries (FEI) Mohamed Fathi Abul Fotouh asserted that the recent decision to establish two integrated textile cities in Upper Egypt is designed to attract industries moving away from some countries, especially from China, with an aim to boost exports.
In an interview with Egypt's Channel One, Abul Fotouh emphasized Egypt's logistical advantages, including its modern port infrastructure and transport networks, which position the country as a favorable destination for global textile investment.
'Egypt has signed numerous agreements with African and Arab nations and several EU countries, thus supporting a momentum in the industry of textiles and ready-made clothes,' he said.
'Recent customs reforms have made Egypt more attractive to Chinese investors, many of whom are now increasing their textile investments in the country,' he said.
The textile cities will be located in Wadi al-Saririya in Minya and North Fayoum Industrial Zone.
This fell within the framework of the state's plan to develop Upper Egypt and secure decent jobs for people there in addition to upgrading the industry of ready-made clothes and textiles.
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