Egyptian MP Enas Abdel Halim confirmed that 30 percent of the country’s textiles factories have closed as a result of the recession and deteriorating economic conditions in the country.

Abdel Halim said the remaining factories had reduced production by 50 to 70 percent.

 

She explained that Egypt had about 1,260 spinning, weaving and dyeing factories registered in Mahalla, but now only 320 factories are operating, employing 120,000 workers.

 

The MP warned the government against neglecting this issue, while calling for the Minister of Trade and Industry, Nevin Jama, to be questioned in parliament about the recent deterioration in the textile sector.

 

Egypt’s unemployment rate rose to 9.6 percent in the second quarter of 2020 compared with 7.5 percent a year earlier, due to the coronavirus pandemic, the statistics agency CAPMAS revealed in August.

 

Source: middleeastmonitor.com