As part of this agreement, the Chinese company WU'AN XIN FENG has granted usufruct rights to a land area spanning 750 thousand square meters to establish a factory to produce hot-rolled iron coils.
This project aims to manufacture 7.2 million pieces of jeans, export 70% of the total production, and allocate the remaining 30% to the local market.
Additionally, the annual production capacity will be 250,000 tons whose value is estimated to be $1.2 billion.
The project targets exporting more than 50% of the project’s products to global markets, in partnership with French Firms.
