25 textile firms from China explore partnership opportunities in Egypt
A Chinese delegation of investors and representatives from around 25 textile and garment companies recently visited Egypt to explore partnership opportunities.
It met Egyptian Minister of Public Business Sector Mohamed Shimy, who briefed the representatives about the country's investment potential in the sector.
A Chinese delegation from around 25 textile and garment firms recently visited Egypt to explore partnership opportunities. It met Egyptian Minister of Public Business Sector Mohamed Shimy, who briefed it about the country's investment potential. The delegation was presented with a portfolio of high-value products, including yarns, fabrics, garments, home textiles and medical textiles.
The Chinese delegation was led by Zhang Tao, deputy marketing director of the China National Textile and Apparel Council (CNTAC), and Xu Yingxin, vice president of the China Textile Association.
The meeting was held at the Cotton, Spinning, Weaving, and Garments Holding Company headquarters in Egypt, according to domestic media reports.
The delegation was presented with a portfolio of high-value products, including yarns, fabrics, readymade garments, home textiles and medical textiles produced by the holding company's subsidiaries.
The minister highlighted Egypt's recent progress in reviving ginning facilities and developing seven major manufacturing complexes.
In December 2024, Prime Minister Mostafa Madbouly announced the completion of the first phase of Egypt's national project to modernise and revitalise the textile industry.
The initiative's total cost exceeds EGP 56 billion. Of this, EGP 22 billion has been allocated for infrastructure development, with an additional EGP 640 million invested in cutting-edge machinery and equipment.
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