19 May 2021

The Minister of the Public Business Sector revealed that the Ministry has established a new company with a capital of EGP100mn that will market, trade in and sell spinning and weaving products. The new company will market the domestic spinning and weaving sector’s products internationally, in light of the Ministry’s plan to launch a new international trademark brand and hire foreign fashion designers. The new company will also set up and own sales outlets for these products both locally and internationally, as well as enter into partnerships with sellers to market the products. (Source: al-Mal)