The textiles and ready-made garment (RMG) sector plays a vital role in boosting the national economy, increasing exports, and deepening local manufacturing, Prime Minister Mostafa Madbouly said.
The government attaches great importance to developing this strategic industry and encouraging projects that enhance value added and global competitiveness, he added during his tour of the Suez Canal Economic Zone (SCZONE) where he inaugurated the Wamy Fashion factory, located within the Orascom Industrial Parks development area in Ain Sokhna.
The inauguration reflects the state’s continued efforts to strengthen the textile and apparel sector and support industries capable of competing in global markets, the premier said.
SCZONE Chairman Walid Gamal al-Din said the zone has succeeded in attracting leading investments in the textile and garment sector, reinforcing Egypt’s industrial leadership and contributing to higher export volumes.He noted that such labor-intensive projects generate sustainable employment opportunities and support integrated supply chains and logistics services associated with the sector.
Gamal al-Din added that the SCZONE continues to attract high-quality investments aimed at deepening local manufacturing, meeting domestic market needs, expanding exports to regional and international markets, enhancing the competitiveness of national industry, and reducing import dependency.The factory is built on an area of 2,559 square meters, with investments estimated at $2.5 million and an annual production capacity of 6,500 tons.
