Egypt plans to set up the world’s largest spinning and weaving factory in Mahalla al-Kubra, at a cost of about LE900 million.

As per reports, the factory is scheduled to be completed by the end of this year, after construction work was delayed as a result of the coronavirus pandemic.

According to the Holding Company for Cotton, Spinning, Weaving, and Clothes, this factory will contribute to a major shift for this industry in Egypt. It marks the first step forward towards the development and modernization of the textile industry, through the government’s plan to develop it at a cost of more than LE21 billion over two years.

The plan includes great focus on increasing exports and improving the quality of production by importing the latest machinery from Italy and Switzerland.

Planned on about 62,500 square meters, the factory accommodates over 182,000 yarn materials with an average production capacity of 30 tonne of yarn a day.

Egypt also aims to develop similar factories in Cairo, Kafr al-Dawar and the Delta region to convert the losses of public textile companies – approximately LE three billion – annually into profits.