Chinese company lays foundation stone for Egyptian textile factory

Cady Factory, a Chinese company producing textiles and garments has laid the foundation stone of a project in Egypt, which will manufacture both, fabrics and garments.

By the end of 2024, the factory will be producing 50,000 tons of fabrics and eight million pieces of seamless clothing annually.

The textile and garment project expected to be set up for $60, will export to the European and American markets.

The factory will be built at the TEDA-Egypt project in the Sokhna Integrated Industrial Zone on an area of 145,000 square meters and will be the biggest within the TEDA-Egypt complex.

The Cady Factory will be part of the Sokhna Integrated Industrial Zone strategy for sustainable development and transition towards a green economy.



Vice Chairman of TEDA China-Africa, Lee Seng Chen said Cady Factory is listed on the Shanghai Stock Exchange and is one of the biggest Chinese producers of fabrics.

The Cady Factory is being set up as part of the Belt and Road Initiative and the company picked Egypt for its first investment in foreign destinations.