New textile-complex launches in Badr City

CAIRO - 14 June 2017: Minister of Trade and Industry Tarek Kabil announced the launching of the first textile factory- complex in Badr city, according to a released statement by the ministry on Wednesday.

The new project will be built on one million square meters, comprising of 200 textile factories, and is awaiting construction approval from President Abdel Fatah al-Sisi.

Kabil also announced recent developments in Textile City in the Minya governorate, mentioning that the lands have not been appointed to the project yet because the lands belong to the Investment Ministry not the Trade and Industry Ministry.

The Trade and Industry Ministry has been focusing on the textile industry since last November for the competitive advantages it holds. The ministry aims to increase the textile exports to $ 6 billion and provide over one million job opportunities.

The textile industry comprises 30 percent of the total Egyptian industrial production, the statement added.