Egyptian ministry of investment and international cooperation (MIIC)
recently held a meeting with members of the Egyptian Textile Industries
Council (ETIC) to discuss the private sector’s possible participation in
the development of the free zone specialized in textile industries
located in over 317 acres at Al-Matahra in Minia governorate. ..It
was attended by Mona Zonaa, CEO of General Authority for Investment and
Free Zones (GAFI) and Fadel Marzouk, chairman of the Readymade Garments
Export Council of Egypt, according to an MIIC press release. ..A
joint venture with a Chinese company is being set up to implement the
project and work is under way to make Egypt, especially Minia, a
regional hub for textile industries in the Middle East and Africa.(DS)..Source: