{"id":728,"date":"2024-05-09T13:14:13","date_gmt":"2024-05-09T10:14:13","guid":{"rendered":"https:\/\/egystitchandtex.com\/fabrics\/?page_id=728"},"modified":"2024-07-16T17:32:43","modified_gmt":"2024-07-16T14:32:43","slug":"about-egypt","status":"publish","type":"page","link":"https:\/\/egystitchandtex.com\/fabrics\/about-egypt\/","title":{"rendered":"About Egypt"},"content":{"rendered":"\n \n
\n
\n

ABOUT EGYPT
\n <\/h2>\n <\/div>\n <\/section>\n
\n
\n

Market Insights<\/p>\n

The World's Upcoming Industrial Powerhouse<\/p>\n <\/div>\n <\/section>\n

\n
\n
\n
\n
\n
\"\"<\/span>\n

Egypt, with a vast population of over 110 million inhabitants, is Africa's largest home textiles consumer market.<\/p>\n <\/div>\n <\/div>\n

\n
\"\"<\/span>\n

12% of Egypt's export earnings come from the textile industry. Egypt hosts Africa's largest and most productive cotton and textile clusters.<\/p>\n <\/div>\n <\/div>\n

\n
\"\"<\/span>\n

The growth of Egypt\u2019s home textiles exports is estimated at 12% (CAGR) for the coming 5 new years\u2019, with upholstery, linens, curtains, and carpets representing the most promising sub-sectors.<\/p>\n <\/div>\n <\/div>\n

\n
\"\"<\/span>\n

The number of new residential and mixed-use real estate projects in Egypt currently stands at 534 with a value of $329.57 billion; thus, creating an enormous demand for home textiles with an annual growth rate approaching 25%<\/p>\n <\/div>\n <\/div>\n

\n
\"\"<\/span>\n

Egypt\u2019s textile market aims to achieve a significant leap in production capacity with a target production of 188 thousand tons of yarn yearly compared to the current figure of 37 thousand tons and 198 million meters of fabric instead of 50 million meters for the time being.<\/p>\n <\/div>\n <\/div>\n

\n
\"\"<\/span>\n

Egypt plans to build 15 new fourth-generation cities in the coming years to house the country\u2019s growing population and provide residents with high-quality amenities, including using the highest standards of home textile products to furnish those cities.<\/p>\n <\/div>\n <\/div>\n

\n
\"\"<\/span>\n

The furniture market's expected revenue is US$1.95 billion, including US$0.68 billion from the Living Room furniture segment.<\/p>\n <\/div>\n <\/div>\n

\n
\"\"<\/span>\n

The Curtains & Blinds segment\u2019s expected revenue of US$129.70m.<\/p>\n <\/div>\n <\/div>\n

\n
\"\"<\/span>\n

The Bedding market 2024 is anticipated to generate a revenue of US$92.27m.<\/p>\n <\/div>\n <\/div>\n

\n
\"\"<\/span>\n

The Carpets & Rugs market is expected to generate US$86.19m in revenue.<\/p>\n <\/div>\n <\/div>\n

\n
\"\"<\/span>\n

The Egyptian government has allocated approximately $1.2 billion to boost the textile industry within Egypt, create employment opportunities, enhance local production capabilities, and increase exports of home textile products.<\/p>\n <\/div>\n <\/div>\n

\n
\"\"<\/span>\n

As part of its 2025 vision to rank the country as a regional textile hub, Egypt plans to establish a new integrated city for textile industries.  The Egyptian government also plans to establish 10 new textile industrial zones spanning over 6 million square meters. These zones will accommodate around 1,250 textile factories, creating job opportunities for approximately 1.5 million people.<\/p>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/div>\n <\/section>\n

\n
\n

EGYPT\u2019S AMBITIOUS YARN & FABRIC DREAMS <\/h2>\n \n