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.


Please enter your comment!
Please enter your name here

Latest Articles

Get News Updates