Minister attends signing of contracts to establish Misr Company for Textiles complex

CAIRO - 14 March 2021: Minister of Public Enterprises Hisham Tawfik on Sunday witnessed the signing of contracts for the construction works of Misr Company for Textiles Complex in Kafr el Dawar city of Beheira governorate. 

In a statement released on Sunday, the ministry explained that the project will cost 2.4 billion not including the value of machinery.

The complex will be established on an area of 175,000 square meters and will comprise 6 factories for the spinning, weaving, knitting of fabrics as well as preparing of textiles for exportation.

The complex's targeted production is 50.7 million of fabrics annually, up from the current 13 million.