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Seamstresses work in a factory that makes and exports Valentino men's suits in 10th of Ramadan City, Egypt February 22, 2006. This factory, like many others, is in a Qualified Industrial Zone (QIZ) which was implemented last year in Egypt and has helped to attract more foreign ready-made clothes companies. - RTXOB6U

1st specialized free zone for textile industry in Egypt

The world’s first specialized free zone for the textile industry is under construction in Egypt’s Minya Governorate, the chief executive officer of the General Authority for Investment and Free Zones Mohsen Adel recently announced at the closing session of the ‘200 Years of Egyptian Cotton Conference’ organized by the Egyptian Junior Business Association.

As the textile industry’s focus shifts from Eastern nations to other parts of the world, Egypt should take advantage of the opportunity and attract textile investments, Egyptian media reports quoted Adel as saying.

Gographical location, consumer market, free trade agreements with COMESA and the availability of labour and suitable investment atmosphere are the four competitive advantages of Egypt that East Asian nations see, he added.

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