HSBC Egypt, in collaboration with the Hong Kong Trade Development Council( HKTDC), hosted the Hong Kong Garment and Textiles Business Mission at its Cairo headquarters, bringing together 12 leading Hong Kong vesture and cloth companies to explore investment prospects in Egypt.
The event aimed to strengthen trade and investment flows between Egypt and Hong Kong by connecting transnational manufacturers with openings in Egypt’s expanding garment and fabrics sector. Actors entered detailed briefings on Egypt’s macroeconomic geography, nonsupervisory frame and investment programs, alongside sector-specific perceptivity.
conversations underlined Egypt’s strategic geographic position as a manufacturing and import mecca, offering access to crucial global requests through multiple free trade agreements. Speakers also stressed the country’s large, professed and cost- competitive pool, as well as the vacuity of artificial zones and impulses designed to attract foreign direct investment.
Todd Wilcox, Deputy Chairperson and CEO of HSBC Bank Egypt, said Egypt is decreasingly situating itself as a vital knot in global trade networks.
“ Egypt offers investors a strategic import base with multiple trade agreements and access to major requests in the Middle East, Europe, the United States and beyond. The garment and fabrics sector, in particular, presents strong eventuality for transnational investors, supported by a professed and cost-effective pool that can contribute significantly to job creation, ” Wilcox said.
He added that HSBC leverages its transnational footmark and original moxie to support global guests in assessing openings, navigating nonsupervisory surroundings and making informed investment opinions.
Iris Wong, Director of Merchandise Trade and Innovation and Director of External Relations at HKTDC, said the charge reflects the strong eventuality for collaboration between Hong Kong and Egypt in the vesture and fabrics assiduity.
“ Through this charge, and with the support of HSBC Egypt, we’re connecting Hong Kong companies with arising openings in Egypt’s manufacturing geography. Our ideal is to give businesses with direct request perceptivity and foster hookups that will further strengthen the Egypt- Hong Kong trade corridor, ” Wong said.
Katherine Fang, Mission Leader and CEO of Fang Sisters effects Limited, described Egypt as an seductive platform for import- acquainted product, citing its broad network of free trade agreements, competitive pay envelope structure and free zone impulses. She also refocused to the country’s vertically integrated vesture force chain and strategic position linking Africa, the Middle East and Europe.
By easing direct engagement between global investors and Egyptian stakeholders, HSBC Egypt continues to place the country as a gateway for transnational trade and manufacturing investment, particularly in labour- ferocious and import- concentrated diligence similar as garments and fabrics.
