The Egyptian Government has announced plans to establish two integrated textile cities in Upper Egypt. One will be located in the Minya’s Wadi El-Saririya area and the other in the northern industrial zone of Fayoum. Each city will cover an area of 5.5 million square metres, making a total of 11 million square metres.
Deputy Prime Minister for Industrial Development and Minister of Industry and Transport, Kamel Al-Wazir, unveiled the initiative at a press conference.
The two cities are expected to attract US$3.5 billion in local and foreign investment and create 400,000 direct and indirect jobs. This is reported by
Daily News Egypt, a partner of TV BRICS.
Al-Wazir said the government plans to increase Egypt’s textile and clothing exports from US$2.8 billion to US$11.5 billion over the next five years, positioning the sector as a key driver of industrial growth.
The two new cities will be created under a system of industrial developers, in partnership with the private sector. The developers will undertake the planning, construction of internal communications, operation and international marketing of the cities.
Al-Wazir emphasised that the two cities will be fully integrated, covering all stages of textile production. Each city will include industrial service and logistics zones, a specialised industrial school for textile technology, service centres for investors, medical and research facilities, and exhibition areas.
Photo:
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