CAIRO, June 4 (MENA) – Prime Minister Mostafa Madbouly on Wednesday directed officials to involve the private sector in the management and operation of newly upgraded public-sector textile factories, in a bid to improve efficiency and protect recent state investments in the sector.

During a cabinet meeting, Public Enterprises Minister Mohamed Shimi outlined progress in the government’s large-scale revamp of the textile and garment industry. Nearly 30 factories across seven state-owned companies have been upgraded, covering one million square metres.

The first phase of the overhaul is complete, with 70% of phase two and 54% of phase three also finished, according to the minister. Full completion is expected by April 2026.

Shimi said that negotiations are underway with foreign investors, including Chinese and Turkish firms, to operate the upgraded facilities.

The initiative is part of Egypt’s broader push to localize textile production, enhance value-added processing, and boost exports.

Madbouly reiterated the government's commitment to modernizing state-owned firms through private partnerships and advanced management practices. (MENA)
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