The Egyptian Government plans to develop spinning and weaving companies in northern parts of the country in the next five years, head of the Cotton and Textile Industries Holding Company Ahmed Mostafa recently said. The plan needs EGP 20 billion and some government land affiliated to a spinning and weaving company will be used to secure that amount.
Mostafa said the government is working on development plans for spinning and weaving companies across the country and develop the sector in the north governorates of Alexandria, Beheira and Gharbia, according to a report in an Egyptian daily.The Egyptian Government plans to develop spinning and weaving companies in northern parts of the country in the next five years, head of the Cotton and Textile Industries Holding Company Ahmed Mostafa recently said.
The plan needs EGP 20 billion and some government land affiliated to a spinning and weaving company will be used to secure that amount.
Gharbia governor Ahmed Sakr had declared in November that an industrial zone for spinning, weaving and readymade garments would be established in Mahalla. The project comprises three industrial zones. (DS)
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