{"id":602432,"date":"2019-03-27T03:55:51","date_gmt":"2019-03-27T03:55:51","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/chinas-planned-textile-complex-could-spell-doom-for-egypts-local-industry\/"},"modified":"2019-03-27T03:55:51","modified_gmt":"2019-03-27T03:55:51","slug":"chinas-planned-textile-complex-could-spell-doom-for-egypts-local-industry","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2019\/03\/27\/chinas-planned-textile-complex-could-spell-doom-for-egypts-local-industry\/","title":{"rendered":"China\u2019s planned textile complex could spell doom for Egypt\u2019s local industry"},"content":{"rendered":"<p><b>Egypt is getting some flack in the US press this morning<\/b>, with the <a href=\"https:\/\/www.washingtonpost.com\/world\/2019\/03\/26\/its-completely-congress-human-rights-activists-urge-us-lawmakers-scrutinize-egypt\/?noredirect=on&utm_term=.7d57cec82709\">Washington Post<\/a> arguing that Congress should review the USD 1.3 bn aid it gives to Egypt \u2014 or at least use it as leverage to address human rights issues, a group of academics, policymakers and activists told a recent event in the US about the proposed constitutional amendments.<\/p>\n<p><b>China\u2019s planned textile complex could spell doom for Egypt\u2019s local industry:<\/b> The USD 2.1 bn textile industrial complex being developed by Chinese firm <a href=\"https:\/\/enterprise.press\/stories\/2019\/01\/17\/egypts-textiles-complex-50-complete\/\">Mankai Investment<\/a> in Sadat City may cripple Egypt\u2019s already-squeezed local textile industry, <a href=\"https:\/\/www.al-monitor.com\/pulse\/originals\/2019\/03\/egypt-textile-industry-china-city-local-market-economy.html\">Hagar Mohamed writes for Al Monitor<\/a>. The government could have capitalized on the company\u2019s interest in the sector to develop existing facilities with the \u201cdecades of experience\u201d under Mankai\u2019s belt \u2014 and help local firms build an international presence, the head of the Federation of Egyptian Industries\u2019 textiles division says. On the flipside, however, some say the Chinese complex will actually be a boon for Egypt\u2019s economy without harming local industry, since its output will be earmarked for export and therefore will not eat into the domestic market.<\/p>\n<p>Other stories worth a skim this morning:<\/p>\n<ul>\n<li><b>Egyptian hero earns Italian citizenship:<\/b> Italian deputy PM Matteo Salvini has approved granting citizenship toRamy Shehata, the Egyptian boy living in Italy who saved his school bus from a hijack attempt last week, <a href=\"https:\/\/www.bbc.com\/news\/world-europe-47710443\">reports The BBC.<\/a> <\/li>\n<li><b>Terrorism list updates:<\/b> The decision to put 145 people, including senior Muslim Brotherhood figures and supporters, on Egypt\u2019s \u201cterrorism list\u201d was upheld by a court on Tuesday, a judicial source revealed, according to <a href=\"http:\/\/www.arabnews.com\/node\/1472891\/middle-east\">AFP<\/a>. <\/li>\n<li><b>Forty years of peace:<\/b> The <a href=\"https:\/\/www.wsj.com\/articles\/40-years-of-peace-between-israel-and-egypt-11553555618?mod=searchresults&page=1&pos=2\">WSJ<\/a> looks back at the 40-year peace between Egypt and Israel.<\/li>\n<li><b>But is it really peace? <\/b>What we have is strategic cooperation, rather than a \u201cwarm peace\u201d consisting of vibrant relations between the two societies, <a href=\"http:\/\/en.rfi.fr\/middle-east\/20190326-fourty-years-after-camp-david-accords-me-peace-still-far-away\">RFI argues<\/a>.<\/li>\n<li><b>Putting an end to harassment:<\/b> Two young Egyptian men have launched Fyonka, a female driver and passenger only ride-hailing app designed to curb harassment, <a href=\"https:\/\/www.efe.com\/efe\/english\/life\/female-taxi-drivers-in-egypt-combat-sexual-harassment\/50000263-3935419?utm_source=wwwefecom&utm_medium=rss&utm_campaign=rss\">EFE<\/a> reports. <\/li>\n<\/ul>\n","protected":false},"excerpt":{"rendered":"<p>Egypt is getting some flack in the US press this morning, with the Washington Post arguing that Congress should review the USD 1.3 bn aid it gives to Egypt \u2014 or at least use it as leverage to address human rights issues, a group of academics, policymakers and activists told a recent event in the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7233],"tags":[2169,116,2386,72,7196,2080],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-602432","post","type-post","status-publish","format-standard","hentry","category-egypt-in-the-news","tag-belt-and-road-initiative","tag-china","tag-egypt-in-the-news","tag-enterpriseam","tag-industry","tag-textiles","wpautop","entry"],"acf":{"mongo_id":"4f372e65-9686-417d-a3aa-10242740a1f3","is_powered_by":true,"story_type":"1","photo_url":"","photo_position":"above","related_issue":[602407],"teaser":"","voice_url":""},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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The program seeks to modernize Egypt\u2019s textile industry to improve its competitiveness and help it regain its position as a major regional sourcing hub.\u2026","rel":"","context":"In &quot;Basic Materials + Commodities&quot;","block_context":{"text":"Basic Materials + Commodities","link":"https:\/\/enterpriseam.com\/egypt\/category\/basic-materials-commodities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/internal\/536550.png?resize=350%2C200&ssl=1","width":350,"height":200},"classes":[]},{"id":610928,"url":"https:\/\/enterpriseam.com\/egypt\/2023\/11\/29\/turkish-textile-firm-to-invest-usd-500-mn-in-new-egypt-factory\/","url_meta":{"origin":602432,"position":4},"title":"Turkish textile firm to invest USD 500 mn in new Egypt factory","author":"enterpriseam admin","date":"29 November 2023","format":false,"excerpt":"The factory could lower the country\u2019s import bill by USD 1 bn a year","rel":"","context":"In &quot;Investment Watch&quot;","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2023\/11\/1592.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":573689,"url":"https:\/\/enterpriseam.com\/egypt\/2020\/08\/13\/three-chinese-textile-manufacturers-looking-to-set-up-shop-in-egypts-freezones\/","url_meta":{"origin":602432,"position":5},"title":"Three Chinese textile manufacturers looking to set up shop in Egypt\u2019s freezones","author":"enterpriseam admin","date":"13 August 2020","format":false,"excerpt":"Three Chinese textile manufacturers have submitted requests to the General Authority for Freezones and Investment (GAFI) to set up new facilities in Egypt\u2019s private freezones, the local press reports, citing unnamed government sources. 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