Turkish companies to open more textile factories in Egypt

During the meeting, Samir discussed 152 business opportunities for Turkish companies in Egypt, along with investment incentives that the government could offer including up to 10 years of tax breaks.

Executives at Turkish ready-made clothes company LC Waikiki announced plans to increase its stores in Egypt from 38 to 100 in the next five years.

Eroğlu, another Turkish clothes company, released plans to build a polyester and nylon textile factory in Egypt with $300 million in investments.

The company also intends to launch a project to produce polyester granules.