Prime Minister Mostafa Madbouly has reaffirmed the government's dedication to President Abdel Fattah El Sisi's directives to restore Egypt's textile industry. He emphasized the initiative’s strategic importance to the national economy and local industrial growth.

In a meeting with Mohamed Shimi, Minister of Public Business Sector, Madbouly stated, the government aims to boost Egypt's competitive advantage in the global textile market by adding value to Egyptian cotton and increasing export capabilities. The meeting was also attended by Ahmed Shaker, Executive Managing Director, Holding Company for Cotton, Spinning, Weaving and Garments.

Minister Shimi provided an update on the sector’s restructuring, noting, the first phase of the modernization plan is complete and the second phase is 76 per cent finished. He anticipates, the second phase will be finalized by October, with the final stage wrapping up by April 2026.

Shimi also highlighted efforts to involve the private sector in the development process. The holding company is implementing a full reform strategy across all its subsidiaries, addressing technical, financial, administrative, and marketing aspects. This includes looking for investment opportunities and public-private partnerships to create sustainable jobs, reduce unemployment, attract investment, and make better use of unused assets.