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Large Textile Zone to be Built in Egypt by China
publisherClaire
time2016/06/15
- In May China penned a framework agreement to establish a 1.2 million square meter zone for textile industry in Minya, Egypt.
China is going to build a 1.2 million square meter zone for textile industry in Minya, Egypt as in May the Egyptian Textile Industry Council and the China National Textile and Apparel Council (CNTAC) just signed a relevant framework agreement to establish this corporation.
Egypt's Minister of Trade and Industry Tarek Kail said that this move represents an important step towards reinstating Egypt as a leading role in the textile industry in the Middle East and North Africa, pointing to its wide ranging expertise in textile production.
Minister Kabil further stated that establishing the new zone will directly contribute to his ministry's strategy to develop Egypt's textile industry as well as the social and economic development of the country's less developed areas, as it will attract both local and foreign investments.
**Suntech customers in Egypt:
GOLDENTEX WOOL COMPANY
MELMAR KNITWEAR CO.