Chinese delegation keen to set up integrated textile city in Egypt

The interest was conveyed during a meeting with Hossam Heiba, chief executive officer of Egypt’s General Authority for Investment and Free Zones (GAFI).

The proposed $300-million textile city would cover all stages of the industry.

Heiba emphasised Egypt's commitment to attracting more Chinese companies, particularly in the textile sector, acknowledging the sector's importance for economic growth and development, according to Egyptian media reports.

He showcased potential sites like Damietta, Sadat and New Alamein, where the government plans to establish new free and industrial zones to encourage direct foreign investment.

ALCHEMPro News Desk (DS)