The Industrial Development Authority (IDA) is arranging for 25 Chinese textile manufacturers to visit Sadat City to settle on a final location for the planned textile industrial complex, Youm7 reports. As we noted last week, the IDA is currently in talks with the Chinese companies, including Sino-Egypt Minkai, to set up a 2 mn sqm complex at an investment value of CNY 5 bn (c. USD 753 mn).

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