Egypt reviews national textile modernization project spanning seven companies

Egypt's deputy prime minister for economic affairs met executives of seven textile firms to review progress on the national spinning and weaving modernization project.

• Deputy Prime Minister Hussein Issa chaired an expanded meeting with executives of seven companies under the cotton and textile holding company.
• Holding company chief Ahmed Shaker presented the project's status, covering seven firms over one million square meters of development.
• Phase one, completed at Mahalla El-Kubra, comprised three spinning factories and a power station, with phase three still underway.
• Issa said the state welcomes private-sector partnerships in the sector and stressed expanding marketing and exports.