China to Invest $2 Billion in Carbon-Neutral Textile Hub in Egypt
africa.businessinsider.comChina Enterprise Cloud Chain is planning a $2 billion integrated textile industrial city in Egypt. The project aims to be the first carbon-neutral hub of its kind in the Middle East, spanning 4.5 million square metres across two development phases. The hub is expected to create up to 80,000 direct jobs and attract dozens of textile manufacturers. Egypt intends to use this development to strengthen its role as a sustainable manufacturing and export gateway between Africa, Europe, and the Middle East.
