The group intends to implement an industrial project to produce glass tableware over an area of 150,000 square meters.
The project is expected to generate around 1,000 job opportunities. No other information on location, timeline, or investment size was disclosed.
Gürok Group exports its products to around 140 countries, operating across several fields such as consumer goods, glassware manufacturing, tourism, construction, and industry, focusing on sustainability in production.
The project was discussed in a meeting held on Tuesday between a delegation from the firm and the Minister of Industry, Khaled Hashem.
It aims to export the production output to foreign markets, build and enhance local capabilities, transfer new technologies to Egypt’s industrial sector, and provide employment opportunities.
Furthermore, this is part of the group’s plan to expand its investments in Egypt, using it as an export hub to export to Middle Eastern and African markets.
The group will also utilize the latest industrial technologies and implement systems to minimize water and energy consumption and improve the efficiency of the production stage.
Moreover, this aligns with Egypt’s larger plan to reduce its import bill and expand its industrial sector as per its National Industrial Strategy, which is currently under review.
It includes increasing the industrial sector's contribution to GDP from 15 to 20 percent by 2030, one of five priority sectors in the country’s Economic Development Narrative.
It is worth noting that the state’s budget for the upcoming FY 2026/2027, which started on 1 July, is targeting a total of EGP 3.7 trillion in investments, with the investment-to-GDP ratio to rise to 20 percent by the end of the medium-term plan.
The project also follows Egypt’s commitment to improve climate governance and support the green transition, per the country's Resilience and Sustainability Facility (RSF) programme.
Moreover, Egypt set a target earlier this year in February to raise bilateral trade with Turkey to $15 billion, from $9 billion, and expand Turkish investments across key sectors, seeking to deepen economic ties between the two countries.
Turkey has a slew of manufacturing projects across Egypt’s industrial zones, such as the Suez Canal Economic Zone, in several products, including ready-made garments and textiles. The latest project was worth $8 million in investments.
Short link: