Egypt inks EGP 2.4bn deal to build Kafr El-Dawwar textile industrial complex

Cairo – Mubasher: The National General Contracting and Supplies Co, a subsidiary of the National Service Projects Organization (NSPO), and signed a contract with Cotton & Textile Industries Holding Co (CTIHC), affiliated to the Ministry of Public Business Sector, to carry out the construction works of Misr Spinning Weaving’s factories in Kafr El-Dawwar.

The EGP 2.4 billion agreement includes building six textile factories over an area of 175,000 square metres, the Minister of Public Business Sector, Hisham Tawfik, said in a statement on Sunday.

Once developed, Kafr El-Dawwar complex will have an annual output capacity of 9,027 tonnes of yarn from the current 366 tonnes and 50.7 million metres of woven fabric from the current 13 million, in addition to an additional dyeing capacity of 50.7 million metres.  

Mubasher Contribution Time: 14-Mar-2021 10:08 (GMT)
Mubasher Last Update Time: 14-Mar-2021 10:08 (GMT)