Arab Finance: The General Authority of Investment and Free Zones (GAFI) and a China-based textile company have probed establishing an integrated industrial park for textiles, spinning, dyeing, and ready-made garments, as per a statement.
The Chinese firm targets injecting $500 million into setting up several textile and ready-made garment production lines on an area of 350,000 square meters.
The factory is set to export 90% of production abroad.
Moreover, the company is committed to adhering to sustainable practices regarding energy and water consumption.