Egypt

The Public Investment and Free Zones Authority reviews the incentives and features of investment in the textile sector

Yasser Abbas, Executive Vice President of the General Authority for Investment and Free Zones, participated in the opening of the activities of the Denim and Jeans exhibition, specialized in the textile and denim fabric industry, which was held for the first time in Egypt in cooperation with the Export Council for Textile Industries, and witnessed the presence of Ambassador Saleh Motlo Shan The Ambassador of the State of Turkey to Cairo, Mustafa Denzer, head of the Turkish side of the Egyptian -Turkish Business Council, in addition to representatives of more than 60 Turkish companies, in addition to the major Egyptian companies operating in the sector.

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In his open speech, Yasser Abbas reviewed the elements of the weaving and weaving sector in Egypt, the competitive advantages that make Egypt an attractive destination for investments in this field, and the incentives approved by the state to invest in this important sector that combines heavy operation. For employment and huge contribution to the export process. During the exhibition’s activities, the authority held several meetings with representatives of Turkish companies to discuss investment, expansion and manufacturing opportunities in the Egyptian market, to meet the growing demand from European and international markets on Egyptian textile products.

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& nbsp Yasser Abbas that the spinning and textile sector in particular witnesses huge investment flows during the current period, thanks to the stability of the Egyptian economy and the preferential commercial agreements that Egypt signed with a large number of countries in the world in addition to the efficiency of Egyptian workers in this particular sector, which provides an ideal environment for companies wishing to invest in And expansion in the Egyptian market, and at the same time achieves Egyptian development goals from increasing exports, creating job opportunities and localizing technology in the Egyptian market.

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  • Source of information and images “rosaelyoussef”

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