The project will be developed inside Elsewedy’s special free zone in the Industria Industrial City, located in New October, and will cover an area of about 800,000 square metres. Minister of Industry and Transport and Deputy Prime Minister Kamel Al-Wazir said the site was selected for its proximity to ports and major transport networks.
The complex is expected to create around 20,000 direct jobs, making it the largest and most labour-intensive investment in Egypt’s spinning and weaving sector to date.
According to Al-Wazir, the facility will integrate spinning and weaving operations for both natural and synthetic fibres, producing a range of yarns and fabrics. It will also include advanced textile treatments, finishing and dyeing, with all final production stages—such as accessories manufacturing, printing and garment-related processes—handled on site.
Crystal International Group said it chose Egypt for the project due to the availability of skilled labour, established industrial infrastructure, and access to European, American, and Asian textile markets.
The investment aligns with Egypt’s push to expand domestic manufacturing, reduce reliance on imports, and increase textile exports, under its broader economic development framework focused on industrial growth, foreign investment, and labour market efficiency.
Egypt is targeting GDP growth of 7.5 percent by 2030, with the private sector expected to account for 72 percent of economic output. The government also aims to raise manufacturing’s contribution—both oil and non-oil—to 20 percent of GDP by the same year. Economic growth is projected to exceed five percent in the 2025–2026 fiscal year.
The government has rolled out several initiatives since 2025 to boost industrial production and improve the investment climate, in line with the National Industry Strategy 2024–2030, which seeks to raise the industrial sector’s share of GDP from 14 to 20 percent.
Egypt has also expanded manufacturing partnerships with Asian firms, particularly in the Suez Canal Economic Zone. In October 2025, the zone signed four contracts with Chinese textile companies worth $65 million, followed by two additional textile factory agreements worth $125 million in February 2025.
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