Minister of Investment and Foreign Trade Mohamed Farid said Egypt has the necessary assets to become a regional hub for integrated textile manufacturing, citing its strategic location, advanced infrastructure, and broad network of trade agreements. The minister noted that the government is working to create an investment-friendly environment that can accommodate global industrial city projects and boost value-added industries.
Farid directed the organization of an urgent field visit for the Chinese delegation to several investment zones to review infrastructure and available investment opportunities. He also instructed ministry officials to continue discussions with the company, complete technical coordination, and assess its capabilities through the Egyptian Commercial Office in China, in support of ongoing technical and feasibility studies.
This came during a meeting with senior officials from China's "Cloud Chain" company, which specializes in developing and operating integrated industrial cities, to discuss steps to establish the "Egypt–Cloud Chain Textile Industrial City" in Port Said. The project aims to be the first integrated, carbon-neutral textile industrial city in the Middle East and North Africa region.
The Chinese delegation included the company's CEO, Huang Wei, Chief Financial Officer, Xian Chun, and several marketing and external relations officials, as part of efforts to enhance investment cooperation and advance the project's implementation phases. The company presented the project's master plan, covering a total area of 4.5 million square meters across two phases, each lasting 24 months, reflecting an integrated model for sustainable industrial development.
The two sides also discussed Egypt's investment frameworks, including investment zones and special investment zones, to determine the most suitable structure for implementing the project in line with its requirements. For its part, Cloud Chain said Egypt represents a strategic gateway to expand into African and Middle Eastern markets, noting that the project will be implemented in two phases, with total investments ranging from $1.5 billion to $2 billion.
The company said the first phase will span 2 million square meters and include fully integrated, eco-friendly industrial and service facilities, hosting 30 to 50 textile companies, as well as technical and vocational schools and logistics and commercial facilities.
The second phase will cover 2.5 million square meters to complete the integrated industrial chain and strengthen linkages between supporting and complementary industries.