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The factory is said to span more than 62,000 square metres and its daily production is estimated at 30 tonnes
Egypt is readying to launch what it claims is the world s largest textile factory, according to local reports.
The country s Prime Minister Mostafa Madbouli recently held a meeting with ministers of trade and public enterprise to follow up on the construction of a textile factory in Mahala which is meant to be the largest in the world.
According to a report published by
Egypt Today, Minister of Public Enterprise Hisham Tawfik said the factory spans more than 62,000 square metres and its daily production is estimated at 30 tonnes. The inauguration is scheduled for March 2022.
The government wants to use public money to deepen Egypt s supply chain
Egypt s plans to attract significant foreign investment in its garment and textile manufacturing sectors have been delayed due to the fallout from the Covid-19 pandemic – prompting the government to step in to spur development.
The government s Vision 2025 strategy had targeted attracting some US$17.5bn in foreign investment to quadruple textile and garment exports. But with the pandemic leaving the global clothing sector in the doldrums – and Egypt s exports down 20% last year – the government has earmarked some US$600m in public money to be invested in two tranches this year.