Egypt upgrades cotton cultivation and textile industry development
According to a report by Egypt’s “Egypt Post” on July 11: At a recent meeting with members of the Egyptian cabinet, President Sisi reviewed Egypt’s cotton planting and textile industry development plan, emphasizing the importance of cotton planting and the upgrading of the textile industry to development. national economy, meeting domestic demand and increasing exports. Sisi emphasized the need to accelerate the construction of textile enterprise complexes in the new economic zone, and government enterprises and private enterprises must jointly participate in the construction of corresponding projects. Egypt’s Minister of Trade and Industry Kabir said that textile companies account for 26.4% of Egypt’s gross industrial production. Egypt currently has 7,000 textile companies with a total investment of 50 billion Egyptian pounds. The number of workers in this industry accounts for 25% of the total labor force. Cotton and related The export of products is approximately EGP 7 billion. Egypt is cooperating with the European Union to formulate a strategy for upgrading and developing the cotton processing industry to increase the added value of cotton products. Egypt upgrades cotton cultivation and textile industry development
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