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Egypt opens new textile factories in July: official

The textile factory project is being implemented the Holding Company for Cotton, Spinning, Weaving, and Clothes.
30.03.23 | Source: Egypt Independent

The spokesperson for the Ministry of Public Business Sector Mansour Abdel-Ghani announced that textile factories for the state project to develop the spinning and weaving sector will be opened in July.


Abdel-Ghani added that the Minister of Public Business Sector, Mahmoud Esmat, is following up the project by the day.


He said that the textile factory project is being implemented the Holding Company for Cotton, Spinning, Weaving, and Clothes.


It aims to maximize the yield of long-staple and extra-long Egyptian cotton, he added, and to add transformational industries such as oil presses, fodder, and more.


Abdel-Ghani indicated that the implementation of the project is taking place according to a precise schedule presented to Prime Minister Mustafa Madbouly during his recent visit to the Misr Spinning and Weaving Company in al-Mahalla al-Kobra last month.

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