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China builds textile city in Minya

Over 128 hectares, signed framework accord in key sector that contributes to 3% of GDP, employing 1.2 million people in Egypt.
30.05.16 | Source: ANSAmed

A ''framework agreement'' for the ''executive measures'' aimed at the creation of a ''city of textile industries'' in the governorate of Minya, in central Egypt, has been signed by the ''Chinese national council'' in the sector, Egyptian daily Al-Ahram reported Thursday. It added that the plant will be built in Matahirah over a surface of ''306 feddan'' (some 128 hectares).

The announcement was made by the Egyptian trade minister, Tarek Kabeel, stressing that the project will promote the development of the textile industry, which in Egypt contributes to 3% of GDP, employing 1.2 million people (30% of the workforce of the Egyptian industry). The minister recalled that the sector has a revenue of 2.6 million dollars.

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