Investment Minister opens 9th Destination Africa with 300 buyers, 90 Egyptian firms
Minister of Investment and Foreign Trade Hassan El-Khatib inaugurated the ninth edition of the Destination Africa exhibition — the leading platform for the textile, ready-made garments, and home furnishings industries across the African continent. This year’s edition features the participation
Gold Star Fashion invests $4.5m in garment factory at West Qantara
The Suez Canal Economic Zone (SCZONE) has signed an investment agreement with Chinese apparel manufacturer Gold Star Fashion to establish a garment production facility in the West Qantara Industrial Zone. The agreement, signed at SCZONE’s headquarters in the New Administrative
Türkiye prioritizes Egypt as key hub for textile manufacturing, investment: Ambassador
Turkish Ambassador to Cairo, Salih Mutlu Şen, highlighted Türkiye’s continued interest in Egypt’s textile sector, emphasizing the vital role of spinning, weaving, and garment manufacturing in bolstering trade and economic cooperation between the two nations. The ambassador’s remarks came at
Elsewedy, China’s Kingdom Holdings sign $60m deal to boost Egypt’s textile sector
Elsewedy Industrial Development, a subsidiary of Elsewedy Electric, has signed a significant $60 million agreement with China’s Kingdom Holdings, a global leader in the textile industry, to establish a private free zone in Egypt’s Industria Sadat. The agreement, supported by
5.24% increase in manufacturing, extractive industry index for October 2024
The Central Agency for Public Mobilization and Statistics (CAPMAS) has reported a 5.24% increase in the Manufacturing and Extractive Industries Production Index for October 2024. The index, which excludes crude oil and petroleum products, reached 112.32 in October, up from
PM Madbouly tours Mahalla’s Spinning, Weaving factories to boost textile production
Prime Minister Mostafa Madbouly visited Mahalla al-Kubra on Saturday to inspect the Misr Spinning and Weaving Company, part of the Cotton, Spinning, Weaving, and Ready-Made Garments Holding Company under the Ministry of Public Enterprise Sector. The visit underscored the government’s
SCZONE signs $38m deals for food, textile plants
The Suez Canal Economic Zone (SCZONE) has secured $38m in investments for two new projects in the Qantara West Industrial Zone. Waleid Gamal El-Din, Chairperson of the SCZONE, signed the contracts on Sunday at the authority’s headquarters in the New
Egypt’s textile, garment exports to surge to $1.4bn by 2025: Apparel Council
Textile exports have seen a significant increase in recent years, reaching $1.2bn in 2023, marking a 5% growth, according to Hani Salam, Chairperson of Apparel Export Council of Egypt. Salam said that the council aims to raise the sector’s exports