China’s Cloud Chain Eyes Up to $2bn Textile Hub in Port Said

Chinese industrial developer Cloud Chain is planning to establish a USD 1.5 billion–2 billion integrated textile industrial city in Port Said, in what officials describe as a potentially carbon-neutral manufacturing complex and one of the largest textile investment projects proposed in Egypt in recent years. According to Egypt’s Ministry of Investment and Foreign Trade, the proposed “Egyptian Textile […] The post China’s Cloud Chain Eyes Up to $2bn Textile Hub in Port Said appeared first on The Middle East Observer.