Egypt’s textiles complex 50% complete

Construction works on the first phase of the USD 2 bn Chinese textile industrial complex in Sadat City is 50% complete, according to a Trade and Industry Ministry statement. The EGP 2.1 bn (c.USD 117.2 mn) first phase will comprise 150 factories, not 100 as earlier reports had suggested, and will be operational by year-end, with 75% of output earmarked for exports. China-based Mankai Investment is developing the project alongside the Armed Forces Engineering Authority.