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Thursday, 7 November 2019

Egypt to launch fabrics and textiles mall in 1Q2020

The Cairo Chamber of Commerce's readymade garments division plans to establish a EGP 3 bn mall in the 1st Settlement in partnership with the private sector for manufacturers to sell their products, division head Amr Hassan told the local press. Hassan said that the private sector will bear 75% of the cost, while manufacturers will pay for the remaining 25%. Construction on the mall is set to begin in 1Q2020, with further expansions in the pipeline.

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