Exports from the Robeki Leather City are expected to exceed USD 1 bn in 2020, up from a current USD 200 mn, as it grows to become the new hub for Egypt’s leather industry, Eric Knecht and Mohamed Zaki write for Reuters. The fully integrated leather manufacturing zone is set to be completed by mid-2018, when foreign investors will be allowed to start buying land.. “The value-added of our exports will increase five times when we reach the stage where we're exporting final products like shoes and bags,” says Mohamed El Gohary, chairman of a state-owned company marketing the site. Italian companies are already interested in investing in the zone, he added.

Tags: