Exports by Egypt’s Textile Export Council (TEC) between January and October stood at $673 million, a 3 per cent rise over $651 million in the same period in 2016. Turkey topped the nations importing Egyptian textile with a share of $230.27 million of the exports, followed by Italy ($132.98 million), Saudi Arabia ($26.79 million) and Tunisia ($21.85 million).
Egypt’s textile exports to Germany and Portugal, meanwhile, reached $16.89 million and $13.19 million respectively, according to an Egyptian newspaper report.
A delegation of foreign companies interested in investing in Egypt has already visited the textile industries city in Minya governorate and has shown interest in investing there in 2019, Tec chairman Hassan Eshra said at the recent ‘Destination Africa’ exhibition for readymade in Cairo.
The two day event took place on November 11-12 attracted over 100 exhibitors from 15 different African countries. (DS)
Source Fibre2Fashion News Desk – India