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Egypt to invest EGP 1.5bn to develop cotton gins

Egypt to invest EGP 1.5bn to develop cotton gins
Three new gins will be built

Cairo – Mubasher: The Egyptian government is planning to develop 9-10 cotton gins with total cost ranges from EGP 1.4 billion to EGP 1.5 billion, minister of public business sector, Hesham Tawfik, said.

Two gins are set to start operations during the next season, Tawfik added in a press conference.

Most of the gins included in the plan will be replaced, the minister revealed, noted that three new gins will be built.