Egypt and China's Cloud Chain Plan $1.5–2 Billion Carbon-Neutral Textile Industrial City
China’s Cloud Chain has proposed a $1.5 billion to $2 billion carbon-neutral textile industrial city in Egypt, spanning two phases over four years with the potential to create up to 80,000 direct jobs and 60,000 indirect ones. The project is positioned as the first of its kind in the Middle East and North Africa (MENA) region.
Topics: carbon neutrality economic development foreign investment textile industry