A Chinese company plans to build the Middle East North Africa (MENA) region’s first integrated, carbon-neutral textile industrial city in Egypt at an investment which ranges between US $1.5 and $2 billion.
China Enterprise Cloud Chain will set up the textile city which will span 4.5 million square meters and will be set up over two phases, each of which will take 24 months.
It is expected to provide between 50,000 and 80,000 direct job opportunities, in addition to about 60,000 indirect job opportunities.
The first phase, covering 2 million square meters, will focus on establishing environmentally sustainable industrial and service facilities while attracting between 30 and 50 textile manufacturers.
It will also include integrated support infrastructure such as technical and vocational training schools, logistics hubs, and commercial centers.
The second phase will have over 2.5 million square meters and aims to complete the integrated textile value chain by strengthening linkages between feeder industries and complementary manufacturing activities.
Image courtesy: Cotton MonK
