The company aims to establish a complete supply chain in Egypt, starting with yarn production, progressing to fabric manufacturing, and ending with garment production
Egypt's Finance Minister met with investors in London, discussing economic reforms and investment opportunities.
Furthermore, the source underscored Egypt’s goal of escalating exports to EU countries by 10% before the close of 2024, aiming to reach €12.5 billion, up from €11.5 billion.
GAFI CEO Hossam Heiba noted that the first half of FY2023/24 saw $6 billion in FDI, with the Ras El-Hekma deal expected to further contribute to the year's total.
Former official highlights Ras El Hekma project's role as a game-changer in Egypt's development landscape.
