The Chinese firm ManKai Investment has agreed with 80 Chinese and international firms to to invest in Egypt's largest textile park in Sadat City, its Chairman Ma Yaojin told Amwal al ghad. He added that the company targets attracting a volume of investments of a $100 million in the first phase of the project through establishing 141 factories, he added. Ma Yaojin has agreed with China Metallurgical Group Corporation (MCC Group) to implement the second phase of the project. China-Egypt Mankai Textile Industrial Park project is established on an area of 3.1 million metre square and would include 592 enterprises with total annual production value of US $ 9 billion and it will be developed over three phases. It will be implemented within a time frame of four years. He further noted that is set to receive the first phase of the project that include 141 factories from the Armed Forces Engineering Authority in order to start their operations within 6 months.