The meeting in Egypt included Cloud Chain’s CEO, Huang Wei, chief financial officer, Xian Chun, and officials from marketing and external relations. The group addressed steps toward what Cloud Chain described as the "Middle East and North Africa’s first integrated, carbon-neutral textile industrial city".
Cloud Chain presented the master plan for the project, which spans a total of 4.5 million m2 and would be developed in two phases, each taking 24 months.
The first phase would use 2 million m2 and feature fully integrated, eco-friendly industrial and service facilities. The company said this initial phase would include 30 to 50 textile firms as well as technical and vocational schools, logistics and commercial infrastructure.
The second phase, covering 2.5 million m2, aims to complete the integrated industrial chain and reinforce connections with supporting and complementary industries.
Cloud Chain estimated total investment in the project at $1.5bn to $2bn and said Egypt represents a strategic gateway to African and Middle Eastern markets.
According to the company, the project could create 50,000 to 80,000 direct jobs and about 60,000 indirect jobs.
Minister Farid noted that strategic location, advanced infrastructure, and a wide network of trade agreements underpin Egypt’s ambition to attract such large-scale projects.
He said the government is working to create an investment-friendly environment suitable for global industrial developments and to foster value-added industries.
During the discussions, Farid directed officials to organise an urgent field visit for the Chinese delegation to several investment zones to assess local infrastructure and available opportunities.
He also instructed ministry representatives to continue engaging with Cloud Chain, ensure technical coordination, and evaluate the company’s capabilities through the Egyptian Commercial Office in China to support ongoing technical and feasibility studies.
The two sides also weighed investment options, including investment zones and special investment zones, to determine the most appropriate framework for the proposed project.
