The Egyptian Textile Export Council says the country’s textile and spinning exports increased 6 per cent in 2017, to touch $832 million as against $783 million in 2016. As per Minister of Trade and Industry Tarek Kabil Egypt will establish the largest textile and garment city in Egypt on an area of 3.1m sq m in that city. The city will incorporate 568 factories with a paid-up capital of $2 billion —infused over seven years — 87 per cent of which will come from foreign investments and 13 per cent from local investments.

Kabil announced the textile and garment city will provide up to 1,60,000 direct job opportunities, with a total production value of $9bn per year. Kabil said, “This new city will include schools for training with the latest technology in the spinning and textile industry.” The General Authority for Investment and Free Zones earlier announced, “Egypt is home to the only fully integrated textiles industry in the Middle East, where the entire production process is carried out in Egypt, starting from the cultivation of cotton and ending with the production of yarns, fabrics and ready-made garments, carried out domestically.”