Egypt's Ready-made Garment Chamber, IFC sign cooperation protocol

Ready-Made Garment & Textile Chamber of the Federation Of Egyptian Industries - FEI signed a cooperation protocol with the International Finance Corporation (IFC) of the World Bank.

 

The protocol aims to develop value chains in the technical and specialized textile industry in Egypt, as it is one of the most important markets that has a significant competitive advantage in this field.

 

The technical and specialized clothing industry is the most important emerging field, which enjoys a rapidly growing global market in light of the technological and informational developments and the entry of artificial intelligence and other fields that were able to combine the function of traditional textiles with more modern ones, such as sports textiles equipped with sensors capable of measuring heartbeat and oxygen levels, or others related to medical and safety textiles, and textiles for automobile feeding industries such as seats and airbags, automobile textiles, construction and infrastructure projects, and many other fields.