In a major development for Egypt’s industrial sector, the foundation stone for a new Turkish factory in the West Qantara Industrial Zone was laid on Wednesday. The zone is located near the farmlands of Ismailia and Sharqia governorates.
The ceremony was attended by several prominent figures, including Turkish Ambassador to Cairo Salih Mutlu Şen, Chairman of the Suez Canal Economic Zone Walid Gamal Eddin, Ismailia Governor Akram Mohamed Galal, and leaders from the renowned Turkish company X Eroğlu Holding.
During the event, Ambassador Şen emphasised the significant presence of X Eroğlu, citing its ready-made garment factory in Ismailia, as well as its partnerships with eight global companies in the construction sector and four in retail production.
The Turkish enterprise currently employs around 15,000 young people worldwide, with services provided through 1,260 points of sale across 38 countries.
Ambassador Şen also highlighted that the Ismailia garment factory, which has been operational since 2007, covers 55,000 square metres and produces 8 million garments annually. This facility provides valuable employment for 4,000 Egyptians.
The success and trust in Egypt’s favourable investment environment have encouraged numerous Turkish companies, including X Eroğlu, to expand their operations and increase investments, the Turkish envoy said.
West Qantara has become an increasingly attractive destination for Turkish investors, according to Ambassador Şen.
He noted that in the near future, factory buildings designed for medium and small-sized exporters will be inaugurated, some of which are already under preparation in October 6 City. Plans for a third industrial zone, developed in partnership with Egyptian authorities concerned, are also progressing smoothly.
Board Chairman of X Eroğlu, Şahin Eroğlu, who attended the event, announced the company’s ambitious new investment of approximately $40 million. This initiative aims to raise annual production to 12 million garments and increase the workforce to 8,000 in Egypt by 2025. The investment is expected to boost the company’s business volume to $320 million by 2026, significantly enhancing its global position in the garment industry.
