The factory has an annual production capacity of 250 thousand tons and spans over an area of 270,000 square meters
One of the Chinese alliances expressed its desire to establish an integrated textile city that includes all stages of the industry with investments estimated at $300 million. Egypt has all the capabilities to be a major base for the textile industry worldwide.
This recap covers a range of significant developments that have implications for Egypt's economic landscape
During the meeting, the ministers also proposed to conduct trade transactions using local currencies of both countries, with discussions on the possibility of opening branch of a Chinese bank
Finance Minister, Mohamed Maait, stated that both sides also came into an agreement to sign to eliminate dual taxation between Egypt and Hong Kong later this year
