- Dr. Mohamed Farid Saleh:
Egypt is well-positioned to become a regional hub for integrated textile manufacturing.
We are working to provide an investment environment capable of accommodating global industrial city projects.
- Company Representatives:
Egypt is a strategic gateway for expansion into African and Middle Eastern markets.
Our plan aims to implement the project in two phases with investments ranging between USD 1.5 to 2 billion.
In line with the Ministry of Investment and Foreign Trade’s strategy aimed at attracting Foreign Direct Investment, enhancing capital inflows, and localizing high value-added industries, Dr. Mohamed Farid Saleh, Minister of Investment and Foreign Trade, received the leadership of the Chinese company “Cloud Chain,” a specialized industrial developer in establishing and operating integrated industrial cities, to discuss the executive steps for establishing the “Egyptian Textile Industrial City – Cloud Chain” project in Port Said Governorate. The project aims to be the first integrated carbon-neutral textile industrial city in the Middle East and North Africa region.
The Chinese delegation included Mr. Huang Wei, the company’s CEO, Mr. Xian Chun, Chief Financial Officer, along with several heads of marketing and external relations departments. The meeting also included Major General Ashraf Attia and MP Ahmed Samir, as part of strengthening investment cooperation between both sides and advancing the implementation stages of the project.
During the meeting, the Chinese company presented the project’s master plan, which aims to develop a total surface area of approximately 4.5 million m2 in two phases, each lasting 24 months, reflecting an integrated model for sustainable industrial development.
During the meeting, both sides discussed the advantages of various investment frameworks in Egypt, particularly the Investment Zones Framework and Special Investment Zones (SIZ), in order to identify the most suitable framework for implementing the project in line with the nature of the targeted investments.
The Minister also directed the organization of an urgent field visit for the Chinese delegation to several investment zones to observe the advanced infrastructure and available investment opportunities.
Dr. Mohamed Farid instructed the Ministry’s promotion officials to continue discussions with the company, take all necessary coordination measures—both technical and promotional—and closely assess the company’s capabilities through the Egyptian Commercial Representation Office in China, in order to support the completion of technical studies and project-related assessments.
Regarding the implementation plan, the company stated that the first phase covers a surface area of 2 million m2 and includes the establishment of integrated, environmentally friendly industrial and service facilities, attracting between 30 to 50 textile companies, as well as developing supporting facilities such as technical and vocational schools, along with logistics and commercial services. The second phase includes the development of an additional 2.5 million m2 to complete the integrated industrial chain and enhance integration between supporting and complementary industries.
The total investment of the project is estimated at approximately USD 1.5 to 2 billion, to be injected in phases. The project is expected to create between 50,000 and 80,000 direct job opportunities, in addition to around 60,000 indirect jobs.
