Fountain Set Limited, a leading Chinese textile and apparel manufacturing group, has announced plans to establish a $100 million spinning and weaving complex in Egypt, marking a significant new investment in the country’s expanding textile sector.
The announcement came on December 9, during a meeting in Cairo between Fountain Set executives and Hossam Heiba, president of the General Authority for Investment and Free Zones (GAFI).
Large-Scale Industrial Project with Export Focus
The proposed facility will span 200,000 square meters and may operate either as a free zone project or within one of Egypt’s special economic zones. According to company representatives, the complex is expected to generate around 1,500 direct jobs and will be developed as a production hub for textile goods destined for European and African markets.
GAFI president Heiba highlighted Egypt’s flexible investment framework, noting that foreign companies can choose from ownership, leasing, or usufruct agreements, depending on their operational preferences. He emphasized that the textile industry remains a national priority due to its central role in export growth, industrial development, and job creation.
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Strengthening Egypt–China Industrial Ties
Fountain Set’s planned investment reflects Egypt’s growing appeal to Chinese manufacturers seeking competitive labor costs, proximity to Europe, and streamlined access to African and Arab markets through free trade agreements.
In recent years, Egypt has attracted multiple Chinese companies in the textile value chain, including Hengsheng Dying Zhejiang, Changzhou Kingcason Printing & Dyeing, and JiangSu GuoTai International—all looking to benefit from Egypt’s strategic location and improving industrial ecosystem.
Supporting Egypt’s Textile Export Ambitions
The new project aligns with Egypt’s broader strategy to strengthen its position as a regional textile production hub. The Apparel Export Council of Egypt (AECE) aims to quadruple garment export revenues to $11.5 billion by 2030, up from $2.81 billion in 2024. Expanding upstream capacity in spinning and weaving is seen as critical to achieving this target, reducing reliance on imports and enabling vertically integrated manufacturing.
Fountain Set’s investment marks another vote of confidence in Egypt’s ability to attract large-scale industrial projects and deepen its role in global textile supply chains.
