Egypt's General Authority for Investment and Free Zones (GAFI) held talks on Wednesday with Chinese textile firms to attract fresh investment into the country's ready-made garments (RMG) and textile sector, offering industrial zones, streamlined regulations, and wide market access. GAFI CEO Hossam Heiba met with representatives from several Chinese companies active in textile manufacturing, industrial systems, and supply chain management. The discussions focused on building cost-efficient value chains in Egypt and tapping Chinese expertise in large-scale production. Heiba highlighted government efforts to expand Chinese investment in strategic locations such as the Suez Canal Economic Zone (SCZONE), Minya, Fayoum, and Sadat City. These areas are undergoing infrastructure upgrades to support new factories and industrial hubs, he said. Egypt offers a variety of investment frameworks—including general and private free zones, as well as industrial and investment zones—alongside fiscal and non-fiscal incentives, Heiba noted. He also emphasised Egypt's access to over 3 billion consumers through a network of preferential trade agreements that reduce tariffs and customs barriers. The meeting signals growing interest from Chinese manufacturers looking to diversify their production bases and take advantage of Egypt's strategic trade positioning. Attribution: Amwal Al Ghad English Subediting: Y.Yasser
