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Enormous new Turkish investments enter Egypt’s ready-made garment sector

10 Turkish investors in the spinning, weaving and clothing sector opted to enter the Egyptian market due to its strong capabilities.
25.02.24 | Source: Egypt Independent

The Vice President of the Ready-Made Garments Division at the Egyptian Chambers of Commerce, Khaled Suleiman, revealed the entry of new Turkish investments into the ready-made garment sector.



He explained that 10 Turkish investors in the spinning, weaving and clothing sector opted to enter the Egyptian market due to its strong capabilities.




 


Suleiman added that this year will witness the entry of more investments in the spinning, weaving and ready-made garment sectors amid the availability of labor at a lower cost than competing markets, in addition to the availability of industrial land across the nation at prices that suit the investment cost of foreign investors.


 




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