$10M Chinese textile factory investment in Egypt

Share
Share

Chinese textile and garment supplier Jiangsu Guotai has signed an agreement with authorities in Egypt to build a $10 million garment factory in the Suez Canal Economic Zone.

The move is part of Egyptian government strategy incentives to boost new projects in the Qantara West industrial area of the country, which it says is poised to become a global investment destination in the textiles, garments, and agribusiness sectors.

Newsletter

Read our top news stories delivered straight to your inbox.

Share

Recommended

Latest Magazine

Features
Why China’s new wastewater standard is only one part of a broader shift spanning environmental law
As Brussels switches on its product passport registry, fashion’s supply chain data gaps threaten a bumpy rollout
As green claims face closer regulatory scrutiny liability no longer sits solely with the brands
News
Preview of our Textile Standards & Legislation Guide
China’s strengthened rules make officials personally accountable for serious environmental damage
New process to strip reactive dyes from cotton could benefit textile-to-textile recycling
Opinion
European factory closures show costs, geography and demand decide which materials survive

Other publications from MCL News & Media

Scroll to Top
Logo

Our free newsletter showcases the very best of our journalism, delivered to you twice a week

Advertising
With Us

Help to support the purpose-led work of our team of journalists, international correspondents, and partners – and expose your product or service to our global readership.

Subscribe to our magazine today and receive exclusive online content

Subscribe