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Egypt builds textile zone

Egypt is building a zone for textile industries. Establishing a comprehensive zone for textiles is an important step for Egypt to reclaim its leading position in Middle East and North Africa since it has potential and wide expertise in the field of weaving and textiles.

The zone will occupy around 1.2 million square meters of land. The new zone is part of a strategy to develop the textile industry in Egypt and enhance the process of economic and social development by attracting more local and foreign investments.

The textile industry contributes three per cent to Egypt’s GDP and accommodates around 1.2 million workers and engineers which is 30 per cent of the industrial labor in Egypt. The textile industry contributes 16 per cent of Egypt’s non-petroleum exports with a revenue of 2.6 billion dollars.

Egypt is home to the only fully vertically integrated textile industry in the Middle East, with the entire production process from the cultivation of cotton to the production of yarns, fabrics and readymade garments carried out domestically.

About 50 per cent of the spinning, 60 per cent of the weaving and 60 per cent of the hemming capacity is owned by the public sector while 90 per cent of the garmenting capacity is privately held.

 
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