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Chinese textile city in Egypt to have 100 factories

According to Han Bing, minister counsellor for economic affairs at the Chinese Embassy in Cairo the first phase of the Chinese textile city in the industrial city of Sadat will include about 100 factories.

There are 70 Chinese factories are operating in the first phase of the textile city and are expected to reach 100 by the end of the current year says Bin.

Bing pointed out that the first phase will be completed within a year, noting that the construction of the city has already begun.

Bing expects the second phase will include another 100 factories. He further said that he foresees several billions of dollars being directed to the industrial city.

He added that the area of land needed for launching the Chinese investments in the capital is estimated at more than 60 feddans.

The Chinese ambassador to Cairo, Song Aiguo, stated that the China International Import Expo, is likely to be held in November in China, with significant participation from the Egyptian side.

He added that Egypt is an important country in the Arab world and the African continent and the Chinese-Egyptian cooperation is an important part of the collective cooperation between his country and African countries.

 
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