Egyptians vote in 1st stage of lower house of parliament elections    Al-Sisi meets representatives of 52 global tech firms to boost ICT investments    Madbouly seeks stronger Gulf investment ties to advance Egypt's economic growth    Egypt says Gulf investment flows jumped to $41bn in 2023/24    Egypt's Al-Sisi, Russian security chief discuss Gaza, Ukraine and bilateral ties    Lebanese president says negotiations are only way forward with Israel    Japan, US condemn 'threatening' post by Chinese diplomat over Taiwan remarks    Egypt, Saudi Arabia sign MoU to exchange road expertise    Grand Egyptian Museum welcomes over 12,000 visitors on seventh day    EGX ends mixed on Monday, 10 November, 2025    Egypt's private medical insurance tops EGP 13b amid regulatory reforms – EHA chair    Egypt to issue EGP 6b in floating-rate T-bonds    Egypt, WHO discuss joint plans to support crisis-affected health sectors    Egypt, US's Merit explore local production of medical supplies, export expansion    400 children with disabilities take part in 'Their Right to Joy' marathon    Egypt repatriates 36 smuggled ancient artefacts from the US    Grand Egyptian Museum attracts 18k visitors on first public opening day    'Royalty on the Nile': Grand Ball of Monte-Carlo comes to Cairo    Egypt, Albania discuss expanding healthcare cooperation    VS-FILM Festival for Very Short Films Ignites El Sokhna    Egypt's cultural palaces authority launches nationwide arts and culture events    Egypt launches Red Sea Open to boost tourism, international profile    Qatar to activate Egypt investment package with Matrouh deal in days: Cabinet    Hungary, Egypt strengthen ties as Orbán anticipates Sisi's 2026 visit    Egypt's PM pledges support for Lebanon, condemns Israeli strikes in the south    Omar Hisham Talaat: Media partnership with 'On Sports' key to promoting Egyptian golf tourism    Egypt establishes high-level committee, insurance fund to address medical errors    Sisi expands national support fund to include diplomats who died on duty    Madinaty Golf Club to host 104th Egyptian Open    Egypt's PM reviews efforts to remove Nile River encroachments    Al-Sisi: Cairo to host Gaza reconstruction conference in November    Egypt will never relinquish historical Nile water rights, PM says    Al-Sisi, Burhan discuss efforts to end Sudan war, address Nile Dam dispute in Cairo talks    Egypt resolves dispute between top African sports bodies ahead of 2027 African Games    Germany among EU's priciest labour markets – official data    Paris Olympic gold '24 medals hit record value    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Russia says it's in sync with US, China, Pakistan on Taliban    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Egypt establishes 2 textile cities in Minya, Fayoum
Published in Amwal Al Ghad on 13 - 04 - 2025

Egypt has launched two integrated textile cities in Minya and Faiyum with a combined investment exceeding 27 billion Egyptian pounds, aiming to boost exports, create up to 400,000 jobs, and transform Upper Egypt into a regional textile hub. Minister for Industry Kamel El-Wazir unveiled the plan during a press conference, highlighting the government's strategy to scale up textile exports from $2.8 billion to $11.5 billion within 5 years.
The initiative targets both economic growth and employment, particularly among youth, and builds on Egypt's competitive advantages in the sector, including abundant raw materials, skilled labour, access to ports, and preferential trade agreements.
Minya city to revive traditional textile industries
The first textile city, to be built in Wadi Al-Saririya in Minya, will span 5.5 million square metres and attract up to 12 billion Egyptian pounds in investments. It is expected to generate $1.5 billion in direct investment and create 250,000 direct and indirect job opportunities. The city will revitalise Minya's traditional textile industries and benefit from its proximity to strategic roadways and seaports such as Ain Sokhna, Safaga, and Dekheila.
Strategic location drives investment in Fayoum
The second city, located in northern Faiyum, will also cover 5.5 million square metres and is projected to attract over 15 billion Egyptian pounds in investments, generating 150,000 direct and indirect jobs. Its location near major transport networks—including the Regional Ring Road, high-speed rail, and New October City dry port—makes it highly appealing for investors. It is likewise projected to attract $1.5 billion in direct investment.
Private sector partnerships to drive implementation
El-Wazir confirmed that both cities will be developed under the industrial developer system in partnership with the private sector, which will oversee infrastructure, operations, and marketing. The Ministry will provide administrative facilitation to ensure timely execution. The initiative aligns with Egypt's broader Vision 2030 strategy, launched in 2014, to promote sustainable development, especially in underserved regions.
Infrastructure and logistics corridors underpinned by Vision 2030
The Minister also detailed the country's ongoing infrastructure transformation, including logistics corridors linking industrial and agricultural areas to ports on the Red and Mediterranean Seas via roads and high-speed rail. Key corridors such as Taba–Arish, Sokhna–Dekheila, and Safaga–Qena–Alexandria are being prioritised for their strategic value in global trade connectivity.
Boosting GDP through integrated industrial hubs
With industry currently contributing around 14 per cent of GDP, Egypt aims to raise this figure to over 20 per cent. El-Wazir emphasised that textile cities will support this target by fostering innovation and integration across the value chain—from spinning and dyeing to ready-made garments and home textiles. The cities will feature sustainability-compliant infrastructure, training centres, investor service hubs, healthcare units, and logistics zones, aiming to meet global standards and increase Egypt's export competitiveness.
Attribution: Amwal Al Ghad English
Subediting: M. S. Salama


Clic here to read the story from its source.