Egypt: Chinese Textile Alliance Explores $300 Million Integrated Textile City in Egypt

During a meeting between Hossam Heiba, CEO of the General Authority for Investment and Free Zones (GAFI), and a delegation from the Chinese Council for Textiles and Ready-made Garments, an alliance from China expressed its interest in establishing an integrated textile city in Egypt.

The proposed textile city would cover all stages of the industry and require an estimated investment of $300 million. Egypt’s favorable capabilities position it as a potential global textile industry hub.

The Chinese…