Egypt's Prime Minister, Moustafa Madbouly announced on Saturday the completion of the first phase of Egypt's national project to revitalise the textile industry, a transformative initiative costing over 56 billion Egyptian pounds across three phases, as per a Cabinet statement. During a recent visit to key facilities, Prime Minister Madbouly highlighted the progress, including the operationalisation of Ghazl 4 Factory, which had been undergoing machinery installation during his February 2023 visit. The first phase also includes Ghazl 1 Factory, Textile Preparation 1 Factory, and a power generation station. Future phases will expand to factories in El-Mahalla El-Kubra, Kafr El-Dawar, Damietta, Mansoura, Minya, and Helwan, with completion expected by early 2026. Madbouly noted the substantial investment, including 22 billion pounds for infrastructure and 640 million euros for machinery, to restore an industry that once contributed 40 per cent of Egypt's economy but had dwindled to 2.5–3 per cent. The prime minister outlined the modernised production cycle, from cotton ginning to final products, and stressed the government's support for farmers through guaranteed cotton prices. With the project's completion, all domestically grown cotton will be used to run the factories, reducing raw exports and boosting local demand. He also highlighted Ghazl 1 Factory, now the world's largest textile facility under a single roof, covering 62,000 square metres and producing 30–35 tonnes daily, enhancing export potential and foreign currency earnings. The prime minister commended the collaborative effort to restore Egypt's textile industry as a national pride and economic pillar. Attribution: Amwal Al Ghad English Subediting: Y.Yasser
