Indian garment maker Classic Fashion Apparel is investing EGP 1 bn to establish a new textile factory in Egypt, Trade and Industry Minister Tarek Kabil said on Monday, according to AMAY. The Jordan-based company plans to break ground on the project in January 2018 and begin production later on in the same year. Classic Fashion is currently conducting feasibility studies and surveying Egypt’s different industrial zones before settling on a location for the factory.

Tags: