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Egypt denies sale of local spinning and weaving factories

Egypt’s apparel trade has greatly improved and now surpasses EGP 300 billion per year

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Egypt’s apparel trade has greatly improved and now surpasses EGP 300 billion per year.

This, according to Mohamed Abdel Salem, Chairperson, Federation of Egyptian Industries’ Ready-Made Garments Chamber, is attributable to a drop in imports as a result of Decree No. 42, which required importers to register with the General Organization for Export and Import Control (GOEIC).

In addition, the Ready-Made Garment Chamber and Gahez Digital Marketing recently inked a collaboration pact. According to Salem, these factors aided local businesses in improving their products and producing high-quality clothes to meet market demands.

The Federation of Egyptian Industries (FEI) is one of the country’s largest employers’ associations, with 20 industrial chambers as members, representing over 60,000 industrial enterprises, with over 90% of them belonging to the private sector, which employs over 7 million people and accounts for 20% of the country’s GDP.

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