Egypt’s Minister of Manpower and Public Business Sector Hisham Tawfiq announced on Saturday that the ministry is set to establish the world’s largest textile factory, at the al-Shouna area of al-Mahalla al-Kobra in Gharbiya governorate.
This comes about as part of a plan to establish four new factories in addition to preparing for the establishment of 10 new gins.
In a meeting with representatives of the Mahalla Spinning and Weaving Company’s workers, Tawfiq said that the development of textile companies begins with the development of cotton cultivation.
He pointed out that the Agriculture Ministry brought a global initiative to oversee the cultivation of 20,000 acres of cotton, adding that LE21 billion will be pumped to develop the industry.
Tawfiq said that a new cotton gin was installed in Fayoum, expected to be more efficient than the old one.
He also promised that the textile companies will regain their strength from the 1930s, in two and a half years, and shift from loss to profit.
Tawfiq announced back in October 2018 that a comprehensive development plan for the spinning and weaving industry within the ministry’s companies will be implemented over three years.
The plan includes the development of cotton spinning companies through weaving, dyeing and processing, Tawfiq said.
Edited translation from Al-Masry Al-Youm