Egypt to set up private free zone units for textiles & RMG
The RMG factory in the medium industries zone of New Beni Suef City will be set up with an investment of $30 million, and is expected to create 9,000 jobs.
Egypt's ministerial group for industrial development recently approved three new private free zone projects. A $30-million RMG factory in New Beni Suef City is expected to create 9,000 jobs. A $78.5-million textile project in 10th of Ramadan City will create an estimated 4,000 jobs. A $108-million PVC panel and flooring manufacturing plant in New Alamein City is expected to create 2,150 jobs.
The textile manufacturing project in 10th of Ramadan City in Sharqia governorate will come up with an investment of $78.5 million, and will create an estimated 4,000 jobs.
The $108-million PVC panel and flooring manufacturing plant in the industrial zone of New Alamein City, is expected to create 2,150 jobs, according to domestic media reports.
The country's Deputy Prime Minister for industrial development and Minister of Industry and Transport Kamel Al-Wazir noted that the PVC panel project represents a new industry for the Egyptian market and will help meet domestic demand from a strategic location in New Alamein.
The minister also highlighted government efforts to encourage industrial investment in governorates like Beni Suef, Minya, and Fayoum, which are rich in skilled labour.
Two integrated textile cities have already been launched in Wadi El-Saririya (Minya) and the North Fayoum Industrial Zone to support job creation, meet local market needs and boost exports.
Fibre2Fashion News Desk (DS)
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