China proposes to build a major textile manufacturing city in Egypt worth $300 mn ...Egypt

EGYPT INDEPENDENT - Economy
source : EGYPT INDEPENDENT ( Egypt ) () 33
A Chinese alliance has expressed interest in establishing an integrated textile city in Egypt covering all stages of the industry, with investments estimated at $300 million, according to a report by Egyptian state-owned newspaper Al-Ahram. This announcement came during a meeting between the Chairman of the General Authority for Investment and Free Zones (GAFI) in Egypt Hussam Heiba, and the Chairman of the China Textile and Garment Council Li Runfeng, on the sidelines of a visit to Egypt by a delegation of major Chinese textile companies to discuss enhancing cooperation between both countries in the textile and ready-made garment industries. The delegation included presidents and representa

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