Turkiye denim producer logo $20 million Egypt factory deal to increase exports

The deal is worth $20 million and is expected to generate about 500 direct jobs.

The plant is expected to produce up to 18 million tons of denim fabric each year. Half of this output is designated as the exit, while the remaining half will provide home factories in Egypt.

Coverage 16700m²the factory will focus on the production of denim yarn, thread and fabrics, which are the basic materials for different types of jean textiles.

The agreement was formalized by Walid Gamal El-Din, chairman of the Suez Canal Economic Zone, and Atef atef, chairman of the Sirikçioğlu Grubu.

“The Suez Canal Economic Zone continues to strengthen its efforts to attract sector investments in the current stage that authorities aim to localize their strategies to achieve the state's goal of deepening local manufacturing and increasing exports,” Walid Gamal El-Din said.

The Authority Chairman said the authority was also committed to improving infrastructure in the region to increase supply chains and integrate them with economic zone ports in the Red Sea and Mediterranean and its industrial and logistics areas, and align them with increased international demand for commodities.

The latest mission marks 25^Th Projects within the western industrial zone of Quintala bring the total investment in the area to US$681.5 million and create 34,955 direct jobs.

“This confirms the success of the strategic approach, followed by promoting the export industry, deepening local manufacturing systems and positioning the supply chain in the field of rotation and braiding, starting from the manufacturing of raw materials to the stage of denim production, which is the raw material for producing jeans and in the ready-made Garment Garment Indress Inder Made Made Made Made Made Made Made Made Made Made Made Made Made Made Made Made Made Made Made Made Made Made Made Made Made Made Made Made Made Made Made Made Made Made Made Made Made Made Made Made Made Made Made Made Made Made Made Made Made Made Made Made Made Made Made Made Made Made Made Made Made Made Made Made Made Elid el eLID GAMEL DAMEL DIM-DINSED STED STED.

Founded in 1997, it produces denim and fabrics.

The company has a workforce of more than 5,000 in its factories in the country, and its textiles export it to numerous global brands.

Waleid Gamal El-Dien recently signed a contract with Turkiye Company Ulusoy to establish a 35,000m industrial project² Land plots in Qantara West Industrial Zone.

The factory will produce fiber yarn, carpet yarn, hand-knitted yarn, triangular yarn and household crochet yarn.

The $18 million project is expected to generate about 855 direct jobs.

Last August, Turkiye's Eroglu clothing began building at a ready-made $40 million ready-made clothing factory in the Qantara West Industrial district.

“Turkiye denim producers have signed a $20 million Egypt factory deal to boost exports” was originally created and published by Just Style, a brand owned by GlobalData.

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