First phase of Chinese textile industrial complex to house 100 factories

The first phase of the USD 2 bn Chinese textile industrial complex in Sadat City, which is expected to house 100 factories, should be complete by the end of the year, China’s commercial attaché said. The complex will be Egypt’s largest textile project and will include 568 factories once it’s fully operational and completed by 2020, Trade and Industry Minister Tarek Kabil had previously said. The project is expected to generate some USD 9 bn in annual revenues upon completion.