The cost of the plant is up to 780 million pounds, and it covers an area of 62.5 thousand square meters
Business Hub – Cairo
Hisham Tawfik, Minister of Public Business Sector, announced, .. About the development and establishment of the ” yarn Factory, project 1″ , Which is the largest yarn factory in the world on an area of 62.5 thousand square meters, implemented by Gama Construction Company. The construction work is expected to be completed in the beginning of the second half of 2022. And a contractual value of 780 million pounds.
This came during the minister’s meeting with the contracting companies executing construction works in the yarn and textile factories affiliated with 8 major companies resulting from the merger of 23 yarn and textile companies. In the presence of the leaders of the Holding Company for yarn and texture and the Engineering Consultant for Construction, To follow up on the executive position of the project to develop the factories of the Holding Company for Cotton, yarn and textile and Clothing of the Ministry, Especially with regard to the construction works of new factories or modernization of existing factories.
The construction works include 65 buildings at an estimated cost of EGP 7 billion.
The Minister of Business Sector confirmed, All construction work must be completed on schedule. Which includes about 65 buildings between new construction and restoration, At an estimated cost of about 7 billion pounds, This is in preparation for the installation of modern machines that are being imported from major international companies.
The offer included the development of a yarn factory 4 at the Misr yarn and textile Company in Mahalla al-Kubra, on an area of 24,600 square meters, with a contract value of 251 million pounds, implemented by the engineering company for integrated works. Construction work is expected to be completed in the second half of 2022. As for the development of a yarn factory (6), It covers an area of 17.7 thousand square meters. The implementation is undertaken by the Arab Contractors Company, with a contractual value of 216 million pounds.
“New factories for Al-Bayda dyers in Kafr El-Dawwar”
As for the group of new factories for textile , preparations and dyeing in the Misr Spinyarn ning and textile Company in Mahalla Al-Kubra, with a total area of 101.9 thousand square meters. Its construction works are undertaken by Orascom Construction, with a contract value of 1.1 billion pounds.
As for the factories complex of the Misr Sabbaghy Al-Bayda Company in Kafr El-Dawwar, Which includes 6 factories: yarn , textile textile preparations, dyeing and finishing, detailing, Al-Burm covers an area of about 175,000 square metres. The National Company for General Contracting and Supplies will carry out the construction works at a value of 2.3 billion pounds.
Cooperation with major contracting companies in the implementation of the development project
The presentation also included the executive position of the industrial group at Damietta yarn and textile Company, Where 4 new factories for yarn , textile , preparation and dyeing will be established, with a total area of about 103,000 square metres. Its final product is denim fabrics. With a value of 1.5 billion pounds, the implementation of Orascom Construction.
It is noteworthy that the development project also includes the following companies, Helwan yarn and textile , Dakahlia yarn & Garment, New Delta (Shebin El-Koum – Tanta), upper egypt The studies and designs phase has been completed, and the bidding and awarding of construction companies is currently underway.