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Deputy Prime Minister reviews spinning industry progress
The Egyptian government has focused on developing the spinning and textile industry by implementing projects that include modernizing spinning and weaving factories in companies such as Misr for Mahalla Al-Kubra, Shibin El Kom, Damietta, and Daqahleya. The aim is to restore the sector's global standing, boost exports, and improve economic performance. The first phase has been completed and successfully launched, with efforts underway to complete the subsequent phases according to specific timelines, ensuring that new production capacities come into operation swiftly and efficiently. Additionally, there has been an emphasis on strengthening partnerships with the private sector and improving asset management to achieve economic sustainability and generate high returns.
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