Recently, Egyptian Minister of Investment and Foreign Trade Mohamed Farid met with a delegation of Chinese companies in Cairo, and the two sides held in-depth consultations on the construction of the Port Said Egypt Cloud Chain Textile Industrial City project. This project will create the first integrated carbon neutral textile industrial park in the Central and Northeast Africa region, with a total investment estimated at 1.5 billion to 2 billion US dollars. It will be developed in two phases, with a single construction period of 24 months.

Project location: Suez Canal Economic Circle

The project is located in the Suez Canal Economic Circle, with a planned total area of 4.5 million square meters. The first phase will build a green textile production base, introduce dozens of upstream and downstream enterprises in the industrial chain, and provide supporting vocational education and training, logistics warehousing, and commercial service facilities; The second phase will further expand the park and improve the collaborative capabilities of the entire industry chain. This project aligns with Egypt's efforts to localize manufacturing, develop a green economy, and align with the 2030 Vision strategy.

Intensive implementation of Chinese textile projects

In recent years, relying on the policy dividends and location advantages of the Suez Canal Economic Zone, a number of Chinese textile projects have been intensively implemented. Hang Seng Egypt Textile Technology's $70 million factory has been put into operation, Caidie Industrial focuses on high-end garment manufacturing, Suhao Fashion Clothing Base has started construction, and Jinda Holdings' $58 million linen factory has been approved for construction. Only the West Kantara Industrial Zone has attracted over 40 enterprises to settle in, with Chinese enterprises accounting for more than half, gradually forming a complete export-oriented textile industry cluster targeting the European, Middle Eastern, and African markets. Keywords: Infrastructure Engineering News Network, Carbon Neutral Textile Industry City

Dual advantages of location and policy

Egypt is located at the intersection of Asia, Africa, and Europe, relying on the Suez Canal. Textile products can arrive at major ports in southern Europe within 48 hours, reducing logistics time by more than half compared to Southeast Asia. The government has invested over 1.1 billion US dollars to upgrade industry infrastructure, providing preferential policies such as 10 to 20 years of corporate income tax reduction and exemption from import equipment and raw material tariffs in the Suez Canal Economic Zone. In addition to the free trade agreements signed with the European Union, the United States, and multiple African countries, Egyptian manufacturing enjoys broad duty-free export channels.Editor/Gao Xue