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Textile News   >     17-12-2017 - Sunday

  • Industry Ministry to offer incentives for textile sector
  • 3 December 2017: Egypt will offer incentives for investors to attract new projects in the textile sector, Minister of Industry and Foreign Trade Tarek Kabil said Sunday. 
  • In a meeting with the Supreme Council for Textile Industries, Kabil said that the ministry has launched three cities and other industrial complexes for the textile industry in Kafr El-Dawar city, on the outskirts of Alexandria and El-Mahalla city in Damietta governorate. 
  • “The Industry Ministry is cooperating with the ministries of industry, agriculture and the public business sector to develop this sector,” Kabil said in a statement. 
  • In October, Kabil announced that Egypt will launch the 2018-2020 national strategy for developing handicrafts and cultural industry before the end of this year. 
  • The strategy was said to focus on training workers, marketing products in external markets, and connecting technicians with local supply chains. 
  • Exports of the Textile Export Council increased 3 percent in the period between January to October 2017 to stand at $673 million, compared with $651 million a year earlier, according to official figures. 
  • Turkey came first among the countries importing textile from Egypt, acquiring $230.27 million of exports, followed by Italy ($132.98 million), Saudi Arabia ($26.79 million) and Tunisia ($21.85 million). 

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