Prime Minister Mostafa Madbouly announced, some of the top priorities of the Egyptian Government include aggressively pursuing national textile-industry development projects to substantially boost production capacity, alongside reviewing plans to better utilize state-owned assets.
Madbouly made these remarks during a recent meeting with a high-level delegation, including Ahmed Kouchouk, Minister of Finance; Adnan Fangari, Minister of Justice; Mohamed Shimi, Minister of Public Business Sector; Ahmed Khaled Hassan, Alexandria Governor and other relevant ministry officials.
Mohamed el Homosany, Cabinet Spokesperson stated, the meeting thoroughly reviewed the progress of upgrading textile companies nationwide. Officials presented detailed components of the development, including completion rates, target production capacities, and specific plans to secure the necessary cotton and raw materials.
The government noted, covering over one million sq m, these extensive upgrade projects include new construction and the installation of modern machinery.
The overarching development plan aims to drastically increase Egypt’s annual yarn production from 29,000 tons to 133,000 tons. It aims to increase fabric production from 25 million sq m to 198 million sq m and production of ready-made garments from 8 million to 40 million pieces.
According to the spokesperson, these targets underscore the government’s commitment to transforming the sector and achieving industrial self-sufficiency and export growth.
