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Egypt aims to be textile industry hub by 2025

Egypt aims to be textile industry hub by 2025

Egypts Ministry of the Public Business Sector has launched a new strategy to restructure all textile companies under the Cotton and Textile Industries Holding Company with the aim of restoring the Egyptian textile industry locally and globally.

The strategy involves a plan to reduce the companiesí losses and increase profits with a total investment cost of EGP 21 billion.

The strategy will be fully implemented by 2022.

Source: english.ahram.org.eg


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Last Update 2019-09-25
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