Egypt’s deputy PM reviews textile modernisation scheme

Egypt’s Deputy Prime Minister for Economic Affairs Hussein Eissa reviewed progress on the national textile and spinning industry modernisation project, including final preparations to complete the redevelopment of Ghazl El Mahalla and ongoing works at Damietta Spinning and Weaving Company.

During a meeting, Eissa reviewed the implementation of the project’s phases, operational progress at completed factories, and measures to address challenges and keep the project on schedule.

The officials discussed the redevelopment of Misr Spinning and Weaving Company in El Mahalla El Kubra, which accounts for around 40 per cent of the project’s total investments. Completion of its second and final redevelopment phase will also mark the completion of the second phase of the national project, which includes the new Spinning Factory 2 at Misr Shebin El Kom Company.

The meeting also reviewed progress on the third phase, including the development of Damietta Spinning and Weaving Company and projects at several other textile companies.

Eissa said the project is a key strategic initiative to modernise Egypt’s textile industry through advanced technology, increase production and competitiveness, maximise the value of Egyptian cotton, boost exports, create jobs, and deepen local manufacturing.

Attribution: Amwal Al Ghad English