Three Chinese textile manufacturers looking to set up shop in Egypt’s freezones

Three Chinese textile manufacturers have submitted requests to the General Authority for Freezones and Investment (GAFI) to set up new facilities in Egypt’s private freezones, the local press reports, citing unnamed government sources. The manufacturers including Handa, which expressed interest in setting up a factory worth USD 20 mn in Sharqia’s Belbeis to produce clothes to export to Europe and the US. GAFI is currently reviewing the requests before passing them along to cabinet for final sign-off.