Asiagate Alliance

Turkish denim manufacturer makes $20M investment in Egypt

Turkish textile company Şirikçioğlu Grubu is making a $20 million investment in Egypt’s Suez Canal Economic Zone (SCZone).

Hani Salam, Chairman of Textile Export Council, highlighted that the registered value accounts for 38% of the current year's target of $1.25 billion.

After the signing, Badawi affirmed that the Egyptian mining sector is an important promising pillar of the national economy.

This is a historic move that will enable us to shift from exporting raw materials to launching an integrated industrial value chain

Egypt is set to become a regional industrial hub, attracting top global manufacturers with incentives and golden licenses.

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