Contract signed in Egypt to establish 6 textile factories

Egypt’s National General Contracting and Supplies Co., a subsidiary of the National Service Projects Organisation (NSPO), recently signed a contract with the Cotton & Textile Industries Holding Co. (CTIHC) under the ministry of public business sector to carry out the construction of Misr Spinning Weaving’s factories in Kafr El-Dawwar. Minister of public enterprises Hisham Tawfik witnessed the signing ceremony.

The EGP 2.4-billion agreement includes building six textile factories for the spinning, weaving and knitting of fabrics over an area of 175,000 square metres, Tawfik said in a statement.

The targeted production is 50.7 million metres of fabric annually, up from the current 13 million metres, according to Egyptian media reports.

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