El Sewedy Industrial Development, Turkey’s Bony Textile Join Forces to Launch $100M Textile Factory in Egypt

In a move set to boost Egypt’s industrial sector, El Sewedy Industrial Development has partnered with Turkey’s Bony Textile Industries to establish a $100 million textile manufacturing facility within the “Industria 10th” project, located in 10th of Ramadan City.

The agreement, announced by the General Authority for Investment and Free Zones (GAFI), involves the acquisition of a 120,000-square-meter industrial plot, which will be designated as a private free zone.

The new factory will be fully integrated, specializing in the production of high-quality textiles, and marks a significant step in attracting foreign investment to Egypt’s industrial zones.

Mohamed El Komah, CEO of El Sewedy Industrial Development, emphasized that this partnership underscores the trust international investors place in the company’s state-of-the-art infrastructure and end-to-end services tailored to support business growth.

He noted that the “Industria 10th” project offers an investor-centric environment that empowers businesses to optimize productivity and focus on core operations.