New technical textile project in Egypt to attract $800 mn investments
December 08, 2021 - Egypt
December 08, 2021 - Egypt
The project aims to boost Egypt as a hub for production and export of technical textiles, while attracting foreign investments and boost exports.
At present, technical textile exports from Egypt are currently pegged at $750 million per year, and are growing at an annual rate of 51 per cent, Egyptian media reports quoted ECAHT chairperson Mohamed Abdel Salam as saying.
Technical textiles are produced using both natural and man-made fibres. These functional fabrics have applications across various industries including automobiles, civil engineering and construction, agriculture, healthcare, industrial safety, personal protection, etc.