Overview of Egyptian textile industry costs
Recently, Sun Ruizhe, President of the China National Textile and Apparel Federation, led a large delegation to visit Egypt. They visited the Chinese Embassy in Egypt, the Egyptian Ministry of Trade and Industry, and the China-Egypt Suezteda Special Economic Zone, and conducted in-depth interactive exchanges on China-Egypt textile economic and trade cooperation. During the visit, he also visited two well-known Egyptian textile companies, GIZA and ARAFA.
Overview of the main costs of the Egyptian textile industry
(Provided by TEDA Cooperation Zone, for reference only, unit: RMB)
1. Cotton and other raw materials are imported without tariffs
2. Special zone land: 190,000/mu (45-year use rights, starting from 15 acres for sale), free zone land is only for rent but not for sale
3. Natural gas: 1.25 yuan/cubic meter (Egypt currently does not provide steam)
4. Electricity cost: about 0.4 yuan/kWh
5. Labor cost: about 700 yuan/month for ordinary skilled workers
6. Industrial water: 2.54-4.82 yuan/cubic meter
7. Fuel: Gasoline is about 1.79 yuan/liter. Diesel is 1.29 yuan/liter.
8. Egypt can accept printing and dyeing projects
9. Land transportation: Suez Cooperation Zone to Cairo 878 yuan/20-foot container; Suez Cooperation Zone to Port Said 1,254 yuan/20-foot container
10. Shipping: Tianjin Port to Suhana 9,495 yuan/40-foot container; Shanghai Port to Suhana 8,229 yuan/40-foot container; Xiamen Port to Suhana 8,229 yuan/40-foot container
Chairman Sun Ruizhe said that Egypt and China have long-term friendly and stable relations. They established diplomatic relations as early as 1956 and were the first African country to recognize the People’s Republic of China. In today’s process of global economic integration, Egypt’s unique location advantage will become Open up an important node of China-Africa-European economic and trade cooperation, and the textile industry is one of the pioneer industries in response to the “Belt and Road” national initiative. China Textile Federation will continue to play the role of bridge and link to further promote the deepening of cooperation in the textile production capacity of China and Egypt and promote the two countries. The common rejuvenation of great ancient civilizations contributes to the Belt and Road Initiative. (Title: Overview of Egyptian Textile Industry Costs)
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