{"id":34569,"date":"2020-02-05T16:23:58","date_gmt":"2020-02-05T13:23:58","guid":{"rendered":"http:\/\/www.textilegence.com\/?p=34569"},"modified":"2020-02-11T10:54:01","modified_gmt":"2020-02-11T07:54:01","slug":"egypt-increases-textile-investments","status":"publish","type":"post","link":"https:\/\/www.textilegence.com\/en\/egypt-increases-textile-investments\/","title":{"rendered":"Egypt increases volume of textile investments with new orders"},"content":{"rendered":"<figure id=\"attachment_34567\" aria-describedby=\"caption-attachment-34567\" style=\"width: 1200px\" class=\"wp-caption aligncenter\"><img loading=\"lazy\" decoding=\"async\" class=\"wp-image-34567 size-full\" src=\"https:\/\/www.textilegence.com\/wp-content\/uploads\/2020\/02\/rieter-detail.jpg\" alt=\"Egypt increases volume of textile investments with new orders\" width=\"1200\" height=\"675\" srcset=\"https:\/\/www.textilegence.com\/wp-content\/uploads\/2020\/02\/rieter-detail.jpg 1200w, https:\/\/www.textilegence.com\/wp-content\/uploads\/2020\/02\/rieter-detail-768x432.jpg 768w, https:\/\/www.textilegence.com\/wp-content\/uploads\/2020\/02\/rieter-detail-696x392.jpg 696w, https:\/\/www.textilegence.com\/wp-content\/uploads\/2020\/02\/rieter-detail-1068x601.jpg 1068w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><figcaption id=\"caption-attachment-34567\" class=\"wp-caption-text\">Egypt increases volume of textile investments with new orders<\/figcaption><\/figure>\n<p style=\"text-align: justify;\">The Egypt General Authority for Investment and Free Zones, in cooperation with the Swiss Embassy in Cairo, organized the Egyptian-Swiss Investment Forum. The forum focused on developing economic and commercial relations between the two countries. Additional contracts for the modernization program of the Egyptian textile industry were also signed between Rieter and Cotton &amp; Textiles Holding Company.<\/p>\n<p style=\"text-align: justify;\">In the presence of H.E. Hisham Tawfik, Minister of the Public Sector of the Egyptian Government, and Swiss Federal Councilor Guy Parmelin, Head of the Federal Department of Economic Affairs, Education and Research, the contracts that increase Egypt\u2019s textile investment volume and orders had been signed by Dr. Ahmed Moustafa, Chairman of the Cotton &amp; Textiles Holding Company, and Dr. Norbert Klapper, Chief Executive Officer of <a href=\"https:\/\/www.rieter.com\/\" target=\"_blank\" rel=\"noopener noreferrer\">Rieter<\/a>.<\/p>\n<p style=\"text-align: justify;\">Seven project deals worth 180 million Swiss francs were signed, covering compact and spinning systems at the ITMA 2019 in Barcelona last year. This <a href=\"https:\/\/www.textilegence.com\/en\/rieter\/\" target=\"_blank\" rel=\"noopener noreferrer\">investment<\/a> volume increased to about 210 million Swiss francs with the latest additional contracts.<\/p>\n<p style=\"text-align: justify;\">Rieter expects the full amount of orders to be booked as order intake in the first half year of 2020. So far, 165 million Swiss Francs have been booked.<\/p>\n<p style=\"text-align: justify;\">Rieter CEO Dr. Klapper was very pleased at the signing ceremony. He said; \u201cThe next step of the program we agreed upon today underlines the strong partnership between the Cotton &amp; Textiles Holding Company and Rieter. I would like to thank our Egyptian partners for the confidence they continue to place with Rieter. We will do our best to support the Cotton &amp; Textiles Holding Company in making the modernization program a success\u201d.<\/p>\n<h2 style=\"text-align: justify;\"><strong>Egypt revives with investments<\/strong><\/h2>\n<p style=\"text-align: justify;\">Egypt, which has entered into a jerky period with the period called the Arab Spring and has gained a stable appearance in recent years, has accelerated its investments to increase its power in production and export markets. The textile industry is one of the main business lines for the country, which is one of the important cotton producers of the world.<\/p>\n<p style=\"text-align: justify;\">Having established a stable political and economic outlook in recent years; Egypt has accelerated its investments to increase its power in production and export markets. The textile industry is one of the main business lines for the country; which is one of the important cotton producers of the world.<\/p>\n<p style=\"text-align: justify;\">Cotton &amp; Textiles Holding Company, the largest textile company in Egypt, signed a comprehensive series of investment agreements at ITMA 2019. The investment of approximately 1 billion euros covering the; finishing, printing and sewing segments, especially weaving and spinning technologies, was the main topic of the agenda.<\/p>\n<p style=\"text-align: justify;\">In his speech at the forum; Swiss Federal Councilor Guy Parmelin, Head of the Federal Department of Economic Affairs, Education and Research; said in the forum that economic and commercial relations have been between the two countries for 110 years. According to Swiss statistics, the volume of trade with Egypt in 2019 reached nearly 1.3 billion dollars. Currently, there are more than 60 Swiss companies in Egypt with an investment of 1.8 billion dollars.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The Egypt General Authority for Investment and Free Zones, in cooperation with the Swiss Embassy in Cairo, organized the Egyptian-Swiss Investment Forum. The forum focused on developing economic and commercial relations between the two countries. Additional contracts for the modernization program of the Egyptian textile industry were also signed between Rieter and Cotton &amp; Textiles [&hellip;]<\/p>\n","protected":false},"author":8,"featured_media":34565,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[9859],"tags":[10137,10386],"class_list":{"0":"post-34569","1":"post","2":"type-post","3":"status-publish","4":"format-standard","5":"has-post-thumbnail","7":"category-topical","8":"tag-investment","9":"tag-rieter-en"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.6 (Yoast SEO v27.6) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Egypt increases volume of textile investments - Textilegence<\/title>\n<meta name=\"description\" content=\"The Egypt General Authority for Investment and Free Zones, in cooperation with the Swiss Embassy in Cairo, organized the Egyptian-Swiss Investment...\" \/>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.textilegence.com\/en\/egypt-increases-textile-investments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Egypt increases volume of textile investments with new orders\" \/>\n<meta property=\"og:description\" content=\"The Egypt General Authority for Investment and Free Zones, in cooperation with the Swiss Embassy in Cairo, organized the Egyptian-Swiss Investment Forum.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.textilegence.com\/en\/egypt-increases-textile-investments\/\" \/>\n<meta property=\"og:site_name\" content=\"Textilegence Magazine and Digital Platform\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/TextilegenceMagazine\" \/>\n<meta property=\"article:author\" content=\"https:\/\/www.facebook.com\/TextilegenceMagazine\" \/>\n<meta property=\"article:published_time\" content=\"2020-02-05T13:23:58+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-02-11T07:54:01+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.textilegence.com\/wp-content\/uploads\/2020\/02\/rieter-textilegence.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"696\" \/>\n\t<meta property=\"og:image:height\" content=\"385\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Fatih Cengiarslan\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@https:\/\/twitter.com\/textilegence\" \/>\n<meta name=\"twitter:site\" content=\"@textilegence\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Fatih Cengiarslan\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"3 minutes\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"NewsArticle\",\"@id\":\"https:\\\/\\\/www.textilegence.com\\\/en\\\/egypt-increases-textile-investments\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.textilegence.com\\\/en\\\/egypt-increases-textile-investments\\\/\"},\"author\":{\"name\":\"Fatih Cengiarslan\",\"@id\":\"https:\\\/\\\/www.textilegence.com\\\/en\\\/#\\\/schema\\\/person\\\/1c3977109f8a6e1e2b95678836d75cb7\"},\"headline\":\"Egypt increases volume of textile investments with new orders\",\"datePublished\":\"2020-02-05T13:23:58+00:00\",\"dateModified\":\"2020-02-11T07:54:01+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.textilegence.com\\\/en\\\/egypt-increases-textile-investments\\\/\"},\"wordCount\":514,\"commentCount\":0,\"publisher\":{\"@id\":\"https:\\\/\\\/www.textilegence.com\\\/en\\\/#organization\"},\"image\":{\"@id\":\"https:\\\/\\\/www.textilegence.com\\\/en\\\/egypt-increases-textile-investments\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.textilegence.com\\\/wp-content\\\/uploads\\\/2020\\\/02\\\/rieter-textilegence.jpg\",\"keywords\":[\"investment\",\"rieter\"],\"articleSection\":[\"Topical\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.textilegence.com\\\/en\\\/egypt-increases-textile-investments\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.textilegence.com\\\/en\\\/egypt-increases-textile-investments\\\/\",\"url\":\"https:\\\/\\\/www.textilegence.com\\\/en\\\/egypt-increases-textile-investments\\\/\",\"name\":\"Egypt increases volume of textile investments - 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The platform provides news, articles, and updates on various aspects of the textile industry, including sustainability, technological advancements, and market trends.","email":"editor@textilegence.com","telephone":"+90 212 442 24 12","legalName":"Textilegence Mag and Digital Platform","foundingDate":"2013-01-01","numberOfEmployees":{"@type":"QuantitativeValue","minValue":"1","maxValue":"10"}},{"@type":"Person","@id":"https:\/\/www.textilegence.com\/en\/#\/schema\/person\/1c3977109f8a6e1e2b95678836d75cb7","name":"Fatih Cengiarslan","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.textilegence.com\/wp-content\/uploads\/2018\/12\/fatih-cengiarslan.jpg","url":"https:\/\/www.textilegence.com\/wp-content\/uploads\/2018\/12\/fatih-cengiarslan.jpg","contentUrl":"https:\/\/www.textilegence.com\/wp-content\/uploads\/2018\/12\/fatih-cengiarslan.jpg","caption":"Fatih Cengiarslan"},"description":"Fatih Cengiarslan; Akademik \u0130ngilizce e\u011fitimini Bat\u0131 Avustralya \u00dcniversitesi\u2019nde tamamlad\u0131ktan sonra T\u00fcrkiye\u2019ye d\u00f6nerek \u0130stanbul Ayd\u0131n \u00dcniversitesi\u2019nde \u0130nternet Gazetecili\u011fi ve Yay\u0131nc\u0131l\u0131k b\u00f6l\u00fcm\u00fcn\u00fc bitirip, Litvanya \u2013 Kaunas Teknoloji \u00dcniversitesi\u2019nde interaktif media \u00fczerine 8 ayl\u0131k e\u011fitim ald\u0131. Daha sonra Eski\u015fehir Anadolu \u00dcniversitesi girerek \u0130\u015fletme Fak\u00fcltesini ba\u015far\u0131yla tamamlad\u0131. CNNTURK\u2019 kanal\u0131nda staj\u0131n\u0131 tamamlad\u0131ktan sonra Referans Gazetesi\u2019nde \u00e7al\u0131\u015fmaya ba\u015flad\u0131. 2 y\u0131l sonra Textilegence markas\u0131yla tekstil end\u00fcstrisine y\u00f6nelik kendi medyas\u0131n\u0131 kurdu. \u015eu anda Textilegence.com, Printing3D ve NEFA PR Ajans\u0131\u2019n\u0131n 12 y\u0131ld\u0131r y\u00f6netimini yapmaktad\u0131r.","sameAs":["https:\/\/www.textilegence.com","https:\/\/www.facebook.com\/TextilegenceMagazine","https:\/\/www.instagram.com\/textilegence\/","https:\/\/www.linkedin.com\/in\/fatih-cengiarslan-32352265\/","https:\/\/x.com\/https:\/\/twitter.com\/textilegence"],"url":"https:\/\/www.textilegence.com\/en\/author\/admin\/"}]}},"_links":{"self":[{"href":"https:\/\/www.textilegence.com\/en\/wp-json\/wp\/v2\/posts\/34569","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.textilegence.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.textilegence.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.textilegence.com\/en\/wp-json\/wp\/v2\/users\/8"}],"replies":[{"embeddable":true,"href":"https:\/\/www.textilegence.com\/en\/wp-json\/wp\/v2\/comments?post=34569"}],"version-history":[{"count":0,"href":"https:\/\/www.textilegence.com\/en\/wp-json\/wp\/v2\/posts\/34569\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.textilegence.com\/en\/wp-json\/wp\/v2\/media\/34565"}],"wp:attachment":[{"href":"https:\/\/www.textilegence.com\/en\/wp-json\/wp\/v2\/media?parent=34569"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.textilegence.com\/en\/wp-json\/wp\/v2\/categories?post=34569"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.textilegence.com\/en\/wp-json\/wp\/v2\/tags?post=34569"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}