Restructuring 61 Companies.. The Textile Sector needs 200 millions dollars for modernization

Dr. Mahmoud Salem, Director of the Technical Office of the minister of Public Enterprise Sector said that 61 companies are currently restructured; 30 companies of them are related to the textile sector; because they suffer from financial problems, overloaded manpower and old machines which need modernization. The modernization of machines requires 200 million dollars; which will be modernized through phases because financing the restructuring process will be through resources and revenues of the privatization related to the market and selling processes.