Will Mankai Textile Industrial Park be a blessing for Egypt's textile sector?
The construction of the largest Chinese textile city in Egypt is raising the concerns of local manufacturers and state-owned textile factories, which are already suffering huge losses.
Egypt's experts in the textile industry have concerns that the establishment of the largest Chinese textile city in the country — known as Mankai Textile Industrial Park — will divert the government's attention from supporting the loss-making local textile industry and from helping it gain competitiveness in the international market.
On Jan. 16, Egypt's Minister of Trade and Industry Amr Nasser announced that China's Ningxia Mankai Investment Co., which has been operating in the textile industry for more than 10 decades, has made an investment of 2.1 billion Egyptian pounds ($121.6 million) to establish the infrastructure for the first phase of the Chinese textile city in Sadat City, north of Cairo.
