Photo courtesy of Egyptian cabinet.
Jade Textile Egypt, a spinning, weaving, and ready-made garments manufacturer with textile factories in Alexandria, Ismailia, and 10th of Ramadan City, is also eyeing increasing its investments, expanding its operations in its existing factories to operate them at full capacity, alongside establishing new ones working at 50 and 60 percent capacity.
This is to expand production and adopt sustainable and green manufacturing techniques in dyeing and producing green textiles and advanced synthetic fabrics such as high-performance polyester.
These plans were discussed during a meeting between Egypt’s Minister of Industry, Khaled Hashem, and the CEO of Jade Textile Egypt, Selim Şankaya.
This follows the inauguration of a Jade Textile ready-made garments factory in Alexandria just last week, worth close to EGP 500 million in investments, while annual exports are expected to range between $250 million and $500 million.
The company has also proposed to attract other Turkish firms specializing in textile waste recycling to invest in Egypt’s market, as the country bolsters efforts to localize recycling technology in the textile sector.
Furthermore, these moves align with Egypt’s plan to deepen local manufacturing and its industrial sector as part of its National Industrial Strategy. It wants to attract export-oriented manufacturing, particularly in textiles, engineering industries, and transport equipment, which the government views as key drivers of industrial growth and job creation.
The government is targeting to increase the industrial sector's contribution to GDP from 15 to 20 percent by 2030, as it is one of five priority sectors that are expected to contribute to 64 percent of growth in FY 2026/27, which starts 1 July.
Manufacturing will lead the upcoming fiscal year’s growth by 29 percent. Egypt also expects its total investments to reach EGP 3.7 trillion and its investment-to-GDP ratio to reach 17 percent.
There are several companies establishing textile and ready-made garment factories across Egypt and its industrial and economic zones, such as the Suez Canal Economic Zone (SCZone) and its Qantara West Zone. The Qantara West Zone alone has around 15 Turkish investments as of April 2026, bringing Turkish investments there to about $560.2 million.
The SCZone has become a hub for export-oriented textile production, supported by its location between Red Sea and Mediterranean ports, as it helps reduce logistics costs and improve access to international markets, especially amid regional conflict, which has disrupted supply chains and trade.
It’s worth noting that Egypt’s exports declined due to the conflict as of the first quarter of 2026 by 8.2 percent, or nearly $1.1 billion, while imports rose significantly by 17.8 percent, or $1.4 billion. The country’s trade deficit also widened by 53.9 percent year-on-year to $15.48 billion.
As a result, Cairo has been seizing opportunities to improve the appeal of its investment climate and restore investor confidence, discussing plans to increase industrial cooperation across several sectors with other partners such as the US, Ireland, and Azerbaijan, most recently.
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