Egypt plans integrated textile industrial complex in New October City

The project will be developed under the private free zones system within Industria October Industrial City.

Egypt will set up an integrated spinning and textile industrial complex in New October City with an estimated initial investment of $350 million.
An agreement was signed recently for the complex between Elsewedy Industrial Development and Crystal International Group, a leading textile manufacturer.
The complex is expected to create around 20,000 direct jobs.

An agreement was signed recently for the complex between Elsewedy Industrial Development and Crystal International Group, a leading textile manufacturer.

Egypt’s Deputy Prime Minister for Industrial Development and Minister of Industry and Transport Kamel Al-Wazir witnessed the signing ceremony, the country’s state information service posted on Instagram.

Al-Wazir said the project aligns with the state’s strategy to revive the spinning and textile industry, boost domestic manufacturing and exports, raise value-added production and reduce import dependence.

The project will receive full government support if it expands to cover all stages of the value chain, he said.

The industrial complex will feature an integrated production system encompassing the spinning of natural and synthetic fibres, yarn production, advanced weaving, textile processing, finishing and dyeing.

The approach is expected to enhance product quality, reduce waste and strengthen the competitiveness of Egyptian textile products globally.

The complex is expected to create around 20,000 direct jobs.

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