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Deputy PM: Cotton and textiles project aims to rebuild sector
The article discusses the national project for the development of the cotton spinning and weaving industry in Egypt, which is considered a strategic initiative to modernize the sector and enhance its competitive capabilities. The project's aim is to modernize companies through advanced technology, increase production, and achieve high added value for Egyptian cotton, in addition to supporting exports and creating job opportunities. Its implementation involves several phases, most notably the development of Misr Spinning and Weaving Company, which accounts for approximately 40% of the investments, along with other projects in Damietta and subsidiary textile companies. Officials emphasize the importance of continuous coordination to monitor execution and achieve the highest efficiency, with the goal of restoring Egypt's leadership in the spinning and weaving industry and maximizing the benefits of Egyptian cotton's competitive advantages, thereby supporting the national economy and achieving development objectives.
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