25 Chinese textile companies explore partnership opportunities in Egypt
The delegation, consisting of 37 investors and representatives from around 25 leading companies in China’s textile and garment sector, was led by Zhang Tao, deputy marketing director of the China National Textile and Apparel Council (CNTAC), and Xu Yingxin, vice president of the China Textile Association.
The meeting was held at the Cotton, Spinning, Weaving, and Garments Holding Company headquarters in Egypt.
During the meeting, Minister Shimy stressed the government's readiness to provide all necessary facilitations to ensure the success of potential partnerships that would serve both parties' mutual interests.
He also outlined the government's comprehensive national strategy to restore Egypt’s global leadership in the textiles and garment industry, one of the country's most strategic industrial sectors.
This includes modernizing 10 state-owned companies affiliated with the holding company, upgrading financial management, production technologies, administration, and marketing.
“We aim to deliver globally competitive products, reduce imports, and enhance Egypt’s position in international markets,” said Shimy.
“This is not just about reviving an industry — it’s about building a future-ready, export-oriented manufacturing base,” he expressed.
Furthermore, the minister underscored Egypt’s unique position as an investment destination, due to its strategic geographic location, advanced industrial infrastructure, free trade agreements with numerous countries, access to high-quality raw materials, particularly Egyptian cotton, which is globally regarded as the best, and the modern technology adopted in new factories.
The delegation was also presented with a portfolio of high-value products, including yarns, fabrics, ready-made garments, home textiles, and medical textiles produced by the holding company’s subsidiaries.
The minister further highlighted Egypt’s recent progress in rehabilitating ginning facilities and developing seven major manufacturing complexes across key governorates.
Additionally, he empahsized that a substantial share of the production from these modernized factories is earmarked for export, contributing to Egypt’s foreign currency reserves and supporting national economic goals.
The ministry is developing a nationwide retail network to promote locally manufactured textile products. ECH, the holding company's marketing arm, will operate the network.
The visit marks a deeper step in strengthening Egypt-China economic ties, following years of increased bilateral cooperation under a strategic partnership framework.
In December 2024, Prime Minister Mostafa Madbouly announced the completion of the first phase of Egypt's ambitious national project to modernize and revitalize the textile industry.