Chinese textile enterprises overseas investment into Egypt or the preferred

Ancient Silk Road, an interchange of two ancient civilizations. Today, the topic of the textile and garment industry will once again link the two great country together.

In March this year, the Egyptian Investment and Free Zones General Assem Ragab Chairman of the team’s visit to China, namely Guangdong and Zhejiang to visit China’s textile powerhouse, is in addition planed to captivate China’s textile enterprises to depart overseas, into Egypt.

Assem Ragab said Egypt has formed an first gathering of three textile industry: in the Suez Canal habitation of Port Said (Port Said) and Ismailia (Ismailia) as the center, financial endeavour condensed concurrently in the bumpy denim cotton material yarn goods produced and deals of bumpy Canal highly-developed group; in the Arab Borg (Borg Al-Arab) and (Amreya) and set up production plants to the seaports of Alexandria, Alexandria-based highly-developed group; and large environs of Cairo, the new highly-developed center. These are ascribed to the Egyptian textile development to give bewitching conditions.

Assem Ragab said, “Egypt’s clothing men spent an average of 550 U.S. dollars per year; women, compared with more than 900 U.S. dollars. And with this relative is very limited domestic production capacity. As a result of less than 1000 native plants, Egypt need a lot from Turkey and other import yarn and fabric products. “It is understood that the size of the market in Egypt in Africa and second only to South Africa, for high, medium and low demand for textile products have. This is for Chinese enterprises, whether in trade or investment, are tremendous business opportunities.

In ushering in the hardware superiority of Egypt, Assem Ragab on the Road, “the Egyptian long-staple cotton material and ultra-long-staple cotton material in the fraction of the total worldwide annual goods produced of up to 35%. If you invest and set up production plants, vitality advantages. Egypt 0.3 yuan for each unit of electrical power , 3.5 yuan per cubic meter of natural gas, 93 is only 2.3 yuan per liter of gasoline. In augmentation, human supplies is in addition very small, the midpoint monthly pay same to about 600 RMB yuan, the development is in addition very talented technical knowledge workers. ”

Remove the hardware advantages, Egypt also has special software. Assem ragab that, Egypt has its own unique technical capabilities, which will help Chinese enterprises to learn from each other. “Compared with other countries in the Middle East, Egypt has the most complete vertically integrated textile industry. From cotton to yarn, fabric and clothing production, the entire production process can be completed at home. A whole 25% of the textile industry to focus on textiles production, which accounted for 12% of textile products, cotton, 8%, while the remaining 5 percent, compared with other cotton fabrics and textiles. Most of spinning (50%), weaving (60%) and curling (60 %) of all of the capacity of public enterprises, while 90% of garment production is a private enterprise. ”

Egypt to attach the Eurasian countries is going into Europe and America should overtake through the Road is furthermore the entrance to the world in Africa. Investment in Egypt to set up textile enterprises, means that get access to to the Egyptian household market, at the identical time the face of the Middle East, Africa and the foremost U.S. and European markets. Chinese trade items to the United States as an demonstration, tariffs in China is about 30%, and Egypt all the duty-free and quota-free. In supplement, Assem Ragab furthermore pledged the Government of Egypt’s textile commerce will farther enhance the trade items grants, from 8% to 12% in alignment to help the development of the textile industry.