Home / Knowledge / News / Textiles / Egypt signs deal with China to set up textile zone
Egypt signs deal with China to set up textile zone
27
May '16
Egypt and China signed a framework agreement earlier this week on to establish a zone for textile industries in the Egyptian governorate Minya.

The agreement was signed between Egyptian Textile Industries Council and China National Textile and Apparel Council (CNTAC), according to Egyptian news portal Amwal Al Ghad.

Egypt's Industry and Foreign Trade Minister Tarek Qabil asserted that establishing a comprehensive zone for textiles is an important step for Egypt to reclaim its leading position in Middle East and North Africa since it has potential and wide expertise in the field of weaving and textiles.

The minister made these remarks during his meeting with a delegation of Chinese businessmen headed by CNTAC's Vice-President, Gao Yong. The Chinese mission and Qabil also discussed means of enhancing bilateral cooperation between the two countries in textile field as well as future visions for such important industry in Egypt.

Building the new zone is set to participate directly in achieving strategy of trade ministry to develop textile industry in Egypt besides enhancing the process of economic and social development by attracting more local and foreign investments.

Qabil added that the Ministry agreed with Minya governor to allocate around 1.2 million square meters of land to establish the zone.
He noted that the Egyptian government is paying great attention for this large project and committed to support it.

Textile industries contribute 3 per cent to Egypt's GDP and accommodate around 1.2 million workers and engineers which is 30 per cent of industrial labour in Egypt, the minister said. Qabil pointed out that that the textile industry contributes 16 per cent of Egypt's non-petroleum exports with a revenue of $2.6 billion.

CNTAC delegation head Gao said the visit of the Chinese mission to Egypt targets boosting mutual cooperation between two countries in the field of textiles field as Chinese firms keen on expanding their footprints. Chinese investments in Egypt's textile market are expected to increase, he said. (SH)

Fibre2Fashion News Desk – India

Must ReadView All

Textiles | On 10th Dec 2016

India’s 2016-17 cotton import to touch 17 lakh bales

The import of cotton from international markets by spinning mills in...

Textiles | On 10th Dec 2016

US textile & apparel imports fall 6.50% in Jan-Oct ’16

The import of textiles and apparel by United States dropped 6.50 per...

Textiles | On 10th Dec 2016

Indian textile hubs adopt cashless payment modes

The textile ministry is promoting cashless payment within the...

Interviews View All

Evelyne Cholet
UCMTF

‘France had a reputation of being big in new ideas, but poor in marketing...

Karan Toshniwal
Orange O Tec

Contemporary industry is paying more and more attention to the...

Veronique Lee
Modavanti

‘Sustainable fashion is trending upwards, slowly but surely, as people...

Mark Paterson
Technical Absorbents Ltd

Mark Paterson, R&D manager of Technical Absorbents Ltd talks about Super...

Urs Stalder
Sanitized AG

Urs Stalder, CEO, Sanitized AG, talks about the increasing use of hygiene...

Marten Alkhagen
Swerea IVF AB

Marten Alkhagen, Senior Scientist - Nonwoven and Technical Textiles of...

Robert Brunner
Devereux

Golfwear and menswear brand Devereux is set for greener pastures. Robert...

Wendell Rodricks
Wendell Rodricks

"We should not compare India and the West. There are things we do that...

Yash P. Kotak
Bombay Hemp Company

One of the directors of Bombay Hemp Company, Yash P. Kotak, speaks to...

Press Release

Press Release

Letter to Editor

Letter to Editor

RSS Feed

RSS Feed

Submit your press release on


editorial@fibre2fashion.com

Letter To Editor






(Max. 8000 char.)

Search Companies





SEARCH
December 2016

December 2016

Subscribe today and get the latest update on Textiles, Fashion, Apparel and so on.

SUBSCRIBE


Browse Our Archives

GO


Advanced Search