A leader in “The Future of a Nation”: The project to revive the textile industry is a pivotal step towards sustainable development
Hani Abdel Samie, Assistant Secretary of the “Future of a Nation” Party, praised the In the Red Sea, on the statements of Dr. Mostafa Madbouly, Prime Minister, which he made during his visit to the textile factories in the city of Mahalla al-Kubra, stressing that these statements show the Egyptian state’s keenness to regain leadership in one of the most important strategic industries that has long been associated with Egypt’s name globally, which is The textile industry, which depends on Egyptian cotton of international quality.
Abdel Samie explained, in a statement today, Saturday, The giant project to revive the textile industry is a pivotal step in achieving sustainable economic development, noting that the completion of the first phase of the project among its three phases represents a real achievement that reflects the state’s commitment to implementing its major economic plans, pointing out that this project, whose total cost is more Of 56 billion pounds, it is not just an industrial investment, but rather an investment in the future of the national economy, especially with the operation of “Ghazal 1”. Which is considered the largest factory in the world in its field.
The Assistant Secretary of the “Future of the Nation” party pointed out that In the Red Sea, this project has multiple economic and strategic dimensions. From an economic standpoint, the project contributes to reducing dependence on imports and increasing exports, which enhances the provision of hard currency to Egypt. From a strategic standpoint, the project revives the value of Egyptian cotton as a strategic crop, and confirms its status as a commodity. Key in advancing industrial production.
He added that the “Future of a Homeland” party He strongly supports the government’s vision to achieve industrial integration in this sector, especially by benefiting from all stages of production, from cotton cultivation to its manufacturing and export, explaining that operating “Ghazal 1” And other factories will provide new job opportunities for young people, which will contribute to reducing unemployment rates and raising the standard of living of citizens.
Abdel Samie stressed: He emphasized the importance of the state continuing to implement such giant projects that restore confidence in the national capabilities to achieve major achievements, noting that this project clearly highlights the state’s seriousness in implementing its long-term economic plans, which aim to enhance industrial growth, diversify sources of national income, and reduce the gap. between local production and consumption.
He concluded by emphasizing that the party’s support for such economic initiatives expresses its commitment to supporting everything that achieves good for Egypt and its people, calling for the concerted efforts of all parties, whether Whether governmental or private, to ensure the success and continuity of this giant national project in a manner befitting Egypt’s history and its leadership in the textile industry.
