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Egypt-China alliance to develop a textile free trade zone

Minya is the capital of the Minya governorate in Upper Egypt, located about 245 km South of Cairo. The minister of Investment and International Cooperation Sahar Nasr met members of the Council to discuss the possibility of involving the private sector in developing a free zone specialised in textile industries in Minya. Mohamed Kassem, Head of the Supreme Council for Textile Industries, said work is in progress to establish a partnership with a major Chinese company to develop this project which is looking at developing a free trade zone that will specialise in textile industries in Minya. He said the establishment of a company will commence, post issuance of approval to establish the zone.

A statement from the Ministry of Investment confirmed they are coordinating with the governor of Minya to complete all necessary project procedures to transform mainly Minya and Egypt, in general, into a regional hub for the textile industries in the Middle East and Africa.