StatCounter

Monday, January 08, 2018

'Factory of tomorrow’: Egypt aims to replace Far East as cheap clothing king

Middle East Eye



Egyptians earn a monthly average of between $100 and $113 in the garment sector 
(MEE/Paul Cochrane)


CAIRO - After nearly seven years in the economic doldrums, Egypt is keen to bolster its clothing exports, worth some $1.4bn a year, and employ over one million Egyptians.
Egypt - and Africa more generally - is well positioned to become the next destination for sourcing clothing: salaries in the up-and-coming manufacturing hubs of Ethiopia, Uganda and Kenya are as low as $60 a month, rising to $100 in Egypt.
What is more, there are no other low-cost destinations left on the planet. Asian manufacturers are at full capacity and South America has also become too expensive to source from.
Garment workers earn on average $100 a month in India, and around $70 in Bangladesh, while the lowest in China is $208. Bangladesh, the second-largest producer, still has a certain stigma from buyers in the wake of the 2013 Rana Plaza disaster that killed 1,135 people.
That was the message at a major trade conference recently organised by the Egyptian government, export councils and the UN’s International Labour Organisation aimed at promoting Africa as a "new frontier" for garment and textile manufacturing.



 To read more go to Middle East Eye


2 comments:

Unknown said...

We Offer Loan At A Very Low Rate Of 3%. If Interested, Kindly Contact Us Now.email us now reply to(fastloanoffer34@gmail.com) /whats-App Contact Number +918929509036

Credit Loan said...

Do not use all of these Private Money Lender here.They are located in Nigeria, Ghana Turkey, France and Israel.My name is Mrs.Emily Michael, I am from Canada. Have you been looking for a loan?Do you need an urgent personal or business loan?contact Fast Legitimate Loan Approval he help me with a loan of $95,000 some days ago after been scammed of $12,000 from a woman claiming to be a loan lender from Nigeria but i thank God today that i got my loan worth $95,000.Feel free to contact the company for a genuine financial contact Email:(creditloan11@gmail.com)