Egypt has taken a major step towards revitalising its textile sector with the signing of an agreement to establish an integrated spinning and textile industrial complex in New October City. This is reported by
Daily News Egypt, a partner of TV BRICS.
The project, backed by investments estimated at around US$350 million, is expected to play a key role in expanding domestic manufacturing and increasing export-orientated production.
The industrial complex will be developed within a designated industrial zone under the free zones framework, covering an area of approximately 800,000 square metres. The initiative forms part of the state’s broader strategy to modernise the textile industry, deepen local value chains and enhance the competitiveness of Egyptian products on global markets.
According to officials, the project is designed to support national goals aimed at reducing reliance on imports, increasing value-added output and strengthening industrial exports. New October City was selected due to its strategic location, access to ports, and connectivity to modern transport and logistics infrastructure.
The complex will operate as a fully integrated production hub, incorporating fibre spinning, yarn manufacturing, advanced weaving, textile processing, finishing, and dyeing. This end-to-end production model is expected to improve efficiency, raise product quality and reduce operational losses across the manufacturing cycle.
Once operational, the project is expected to generate approximately 20,000 direct jobs, making it one of the largest employment-generating initiatives in Egypt’s textile sector. The development is also expected to contribute to skills development and the formation of a highly qualified industrial workforce.
Photo: _jure /
iStock
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