Egypt will develop a special free zone under the name of Volo Textile Company.

Being an Egyptian joint participant, the firm will operate a textile manufacturing factory for dyeing, finishing, and printing. The project will be built on a gross area of 69,215 square meters and will provide more than 1010 job opportunities for both Egyptians and foreign nationals. The factory is expected to produce 8,400 tons of textile in the first year of inception, with a plan to reach 10,800 tons in the second year.The industrial development will achieve a local component of around 35 per cent and a target export rate of 100 per cent, which will contribute to boosting

Egypt’s exports and reinforcing the performance of foreign trade indicators. Also, a new project will be established for feed manufacturing, chemicals, and plant nutrients. The project is the first industrial complex for feed manufacturing in the Middle East and Africa. The project will be constructed under the company name CFC Feed and Chemicals and will span 3,68,118 square meters. The project will likely create job opportunities for about 2,500 Egyptian workers. The industrial project will use the latest German technology standards and bolster the local feed industry, which is one of the most important strategic sectors in the Arab Republic.