Plan underway to develop Egypt's cotton industry, says minister

CAIRO - 12 April 2020: Minister of the Public Business Sector Hesham Tawfik said on Sunday that a plan was in the pipeline in coordination with the agriculture and trade ministries to develop Egypt's cotton industry.

The minister made the remarks at a meeting with Head of the Cotton Egypt Association Wael Olama, Deputy Chairman of the Supreme Council for Textile Industries Magdi Tolba and Chairman of the Cotton, Spinning and Textile Industries Holding Company Ahmed Mostafa.

He added that three developed cotton gins are expected to be operative at the end of 2020, and three others next year after the installation and operation of the first developed gin in Fayyoum governorate.

The minister reviewed efforts exerted to implement recommendations of a ministerial committee to apply a new system for cotton trade nationwide this year after its successful trials in Fayyoum and Beni Suef governorates.