Arab Finance: Engineer Hassan Al-Khatib, Minister of Investment and Foreign Trade, made a field visit to the free industrial zone in Ismailia Governorate, during which he inspected a number of factories operating in the fields of spinning and weaving, manufacturing medical supplies, and transportation and logistics.
The Minister began the inspection tour with a visit “Jade” Textile Factory for manufacturing ready-made garments Fabrics, spinning and weaving, with an investment volume of $110 million, is located on an area of about 180,000 square metres, and exports 100% of its production to foreign markets.
The factory performs dyeing, printing, embroidery and all operations related to the textile and clothing industry.
The Minister also inspected the Wilex Limited factory for manufacturing medical supplies, which is located on an area of 2,146 square meters and has an investment volume of $3 million. It provides about 55 job opportunities, exports about 80% of its production to foreign markets, and produces about 20% of its production for the local market.
The factory's most important products include catheters, medical needles, cannulas, surgical threads, disinfectants, detergents, distilled water, and preventive medical supplies.
The Minister also inspected the Maersk LNS Egypt Free Zones Company, which works in the field of providing logistical services to producers and exporters, and which is established on an area of 5.5 thousand square meters with an investment amounting to about 5 million dollars.
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