Arab Finance: Following his inspection tour of a group of factories affiliated with the Misr Spinning and Weaving Company in Mahalla El-Kubra, which witnessed rehabilitation and efficiency work, he also inspected a number of new factories, in the presence of Lieutenant General Engineer Kamel Al-Wazir, Deputy Prime Minister for Industrial Development, Minister of Industry and Transport, and Dr. Mahmoud Esmat, Minister Electricity and Renewable Energy, Dr. Manal Awad, Minister of Local Development, Mohamed Shimi, Minister of Public Business Sector, Alaa Farouk, Minister of Agriculture and Land Reclamation, and Major General Ashraf El Gendy, Governor of Gharbia, the Prime Minister expressed His happiness with his visit to a group of factories affiliated with the company Misr Spinning and Weaving In Mahalla al-Kubra, to follow up on the progress of work in the giant project adopted by the Egyptian state, which is to revive the industry of spinning, weaving, dyeing, and products based on Egyptian cotton.
During his speech, the Prime Minister reminded the audience of the visit he made to these factories during the month of February of 2023, during which the proposed proposal for developing this giant edifice was presented. In this regard, he pointed out his inspection of the parking lot of Spinning Factory 4 and his observation of the work of installing its machines. We announce… Completion of the first phase of the giant development project for textile factory complexes. This industrial castle was established by Egyptian patriot Talaat Harb in 1927.
Dr. Mostafa Madbouly noted that the national project to develop the textile industry is being implemented in three phases, as the first phase, which has already ended and operations have begun, includes: Spinning Factory 4, Spinning Factory 1, Textile Preparation Factory 1, and an electricity generation station, adding: While it includes: The second phase, which includes a number of factories in Mahalla al-Kubra and a number of others in other cities: Kafr al-Dawwar, Damietta, Mansoura, Minya, and Helwan, pointing out that The second phase is scheduled to be completed by mid-2025, looking forward to the completion of the third and final phase of the national project to develop the textile industry by the end of 2025, and the beginning of 2026 at the latest.
The Prime Minister indicated that the total cost of implementing the three development stages exceeds 56 billion pounds, of which 22 billion pounds are related to the cost of facilities, in addition to 640 million euros, which is the cost of machinery and equipment.
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