Egypt advances textile sector upgrades

Egyptian Prime Minister Moustafa Madbouly on Monday held a meeting to review progress on nationwide projects aimed at modernising the country’s spinning and textile sector and optimally utilising selected state-owned assets.

The officials discussed ongoing work across textile companies, including construction activity, equipment upgrades, project completion rates, production targets, and measures to secure the required cotton and raw materials.

Current plans cover more than one million square metres of facilities and aim to increase annual output significantly: yarn production is expected to rise to 133,000 tons from around 29,000 tons; fabric output to 198 million square metres from roughly 25 million; ready-made garments to 40 million pieces from 8 million; and terry towels and related textile products to 115,000 tons from 5,000 tons.

Madbouly said the government is committed to modernising the national spinning and textile sector while making the most of selected state assets to unlock greater economic value.

The meeting also reviewed preparations by the Ministry of Public Business Sector to redevelop the historic Cotton Palace in Mansheya Square, Alexandria, with a plan aimed at ensuring the building and its components are fully utilised.

Attribution: Amwal Al Ghad English

Subediting: Y.Yasser