• Chinese group plans a $100 million spinning and weaving complex in Egypt
• Project could create about 1,500 jobs and support exports to Europe and Africa
• Move strengthens Egypt’s strategy to expand textile production and exports

Fountain Set Limited, a Chinese group specialized in textile and apparel manufacturing, announced on Tuesday, December 9, its plan to build a spinning and weaving complex in Egypt with an investment of $100 million.

The announcement was made by a delegation of Fountain Set executives during a meeting in Cairo with Hossam Heiba, president of the General Authority for Investment and Free Zones (GAFI).

The proposed industrial site will cover 200,000 square meters and could operate either under the free zone regime or within a special economic zone. It is expected to create about 1,500 direct jobs and serve as a hub for producing and exporting textile products to European and African markets.

The GAFI president said Egypt offers flexible partnership models for foreign investors, including ownership, leasing, and usufruct agreements, allowing companies to choose structures suited to their needs.

He also noted that the textile industry remains a national priority because of its role in boosting exports, strengthening local production, and generating jobs.

In recent years, Egypt has attracted several Chinese companies in the textile and apparel sector, including Hengsheng Dying Zhejiang, Changzhou Kingcason Printing & Dyeing, and JiangSu GuoTai International. These companies aim to take advantage of low-cost local labor, free trade agreements with the European Union and several Arab countries, and easier access to African markets.

The Egyptian Apparel Export Council (AECE) aims to quadruple garment export revenues to $11.5 billion by 2030, up from $2.81 billion in 2024.

Walid Kéfi