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Egypt Begins Textile Project with $117M Investment
A foundation stone has been laid for an industrial project in the textile and clothing sector in Egypt, with investments reaching up to $117 million. The project is being developed on an area of 300,000 square meters in the El Qantara West Industrial Zone. The goal is to establish an integrated complex that includes manufacturing of ready-made clothes, sportswear, seamless garments, socks, and accessories, with 90% of the production to be exported to global markets and around 6,000 job opportunities to be created. The project reflects the evolution of the Egyptian textile industry through reliance on the latest smart manufacturing and automation technologies. It is part of the efforts by the Suez Canal Economic Zone to attract investments and achieve sustainable industrial development.
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