Turkiye denim producer signs $20m Egypt factory deal to boost exports

The deal, valued at $20m, is expected to generate approximately 500 direct employment opportunities.

The factory is projected to produce up to 18 million tonnes of denim fabric each year. Half of this output is designated for export, while the remaining half will supply domestic factories in Egypt.

Covering 16,700m², the plant will focus on producing denim yarns, threads, and fabrics, which serve as the foundational materials for different types of jeans textiles.

The agreement was formalised by General Authority of the Suez Canal Economic Zone chairman Walid Gamal El-Din and Şirikçioğlu Grubu chairman Atef Şirikçi.

Walid Gamal El-Din said that “the Suez Canal Economic Zone continues to intensify its efforts during the current phase to attract more investments in the sectors that the authority aims to localise within its strategy, in order to achieve the state’s goals of deepening local manufacturing and increasing exports”.

The authority also commits to improve the region’s infrastructure to align with increasing international demand for goods by enhancing supply chains and integrating them with the economic zone’s ports on both the Red Sea and Mediterranean as well as its industrial and logistics zones, the authority chairman said.

The latest undertaking marks the 25^th project within the Qantara West Industrial Zone, bringing the total investments in the area to $681.5m and creating 34,955 direct jobs.

“This confirms the success of the strategic approach followed by the authority to promote export industries, deepen the local manufacturing system, and localize supply chains in the spinning and weaving sector, starting from the manufacture of raw materials, through the stages of denim fabric production, which is the raw material for producing jeans, and ending with the ready-made garment industry,” Walid Gamal El-Din stated.

Şirikçioğlu Grubu Textile Turkiye, which was established in 1997, produces denim threads and fabrics.

With a workforce exceeding 5,000 across its factories in the country, the company exports its textile products to numerous global brands.

Waleid Gamal El-Dien recently signed a contract with Turkiye company Ulusoy for the establishment of an industrial project on a 35,000m² land plot in the Qantara West Industrial Zone.

This factory will produce fibre yarns, carpet yarns, hand-knitting yarns, tricot yarns, and household crochet yarns.

The $18m project is expected to generate around 855 direct job opportunities.

In August last year, Turkiye’s Eroglu Garment started construction on a $40m ready-made garment factory in the Qantara West Industrial Zone.

“Turkiye denim producer signs $20m Egypt factory deal to boost exports” was originally created and published by Just Style, a GlobalData owned brand.

 

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