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Egypt in talks with Greek investors to set up RMG market

15
Mar '19
Egypt in talks with Greek investors to set up RMG market
Egypt is having talks with Greek investors and companies to establish a readymade garments (RMG) market, according to head of the Egyptian Internal Trade Development Authority (ITDA) Ibrahim Ashmawi. He urged investors to benefit from the opportunities that come up in April in the governorates of North Sinai and the Red Sea along with the Suez Canal region.

The market will be built on 100 feddans land with an investment of $100 million, according to Egyptian media reports.

Some Greek companies have expressed their desire to invest in a number of developmental and trade projects in the New Valley Governorate in the south-western part of the country, which has diversified natural resources, he added. (DS)

Fibre2Fashion News Desk – India


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