Türkiye Textile Firm To Invest $16.5 Million In Egypt

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Türkiye Textile Firm To Invest $16.5 Million In Egypt

Egypt’s textile momentum continues to build. Turkish manufacturer ELA Tekstil will invest US$ 16.5 million to set up a garment and denim factory in the Suez Canal Economic Zone (SCZONE), strengthening the country’s export-focused manufacturing base.

The facility, located in Qantara West Industrial Zone, will span 23,000 square metres and generate around 2,500 direct jobs. It is designed for scale. Annual output is projected at 7 million garments, with 80% earmarked for exports and the rest for the domestic market.

The project underscores Egypt’s growing appeal as a low-cost, high-access production hub. Strategic trade agreements, proximity to key markets, and improving industrial infrastructure are drawing sustained foreign investment.

According to SCZONE Chairman Waleid Gamal El-Dein, the deal reflects strong investor confidence and adds to a fast-growing cluster. Qantara West now hosts 42 projects with investments exceeding $1.1 billion in textiles alone.

According to SCZONE Chairman Waleid Gamal El-Dein, the deal reflects strong investor confidence and adds to a fast-growing cluster. Qantara West now hosts 42 projects with investments exceeding $1.1 billion in textiles alone.

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