Dr. Hussein Issa Highlights Industry Progress

The Deputy Prime Minister of Egypt, Hussein Eissa, confirmed that the national project for developing the spinning and weaving industry represents a qualitative leap in the sector. It aims to rebuild and strengthen the industry by utilizing modern technology and leveraging the competitive advantages of Egyptian cotton. He explained that the project seeks to maximize the added value of local cotton and to restore leadership in both regional and international markets. This will be achieved through the development of seven subsidiary companies, with investments exceeding one million square meters of factories and facilities, along with upgrading machinery and equipment. The plan focuses on improving the financial and operational performance of the factories, expanding both the local and global markets, increasing sales and exports, and strengthening partnerships with the private sector to ensure sustainable development and achieve the goals of sustainable growth.

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