The Cabinet approved a draft resolution to establish a new project under the special free zone system, named Karnak Garments, to engage in the manufacturing of various types of ready-made garments.

Egypt's Cabinet approved granting Golden Licenses to Nefertiti for Battery Energy Storage SAE and Horus Energy Storage for two battery energy storage projects in Aswan and Suez governorates, with combined investments of $800 million.

Chinese company Zhejiang Hongda plans to develop a textile manufacturing project in the West Qantara Industrial Zone, with an investment cost of $20 million.

The General Authority for the Suez Canal Economic Zone (SCZONE) has signed an agreement with Canadian company Avelon to establish a technical textiles manufacturing facility in the East Port Said Industrial Zone, with first-phase investments valued at $27 million.

Egypt’s Prime Minister Mostafa Madbouly inaugurated the HK Ding Chang Sheng Group Co., Ltd. factory for home textile production in the Ain Sokhna Integrated Industrial Zone, with investments of $6 million, as part of his tour of projects within the General Authority for the Suez Canal Economic Zone (SCZONE).

The General Authority for the Suez Canal Economic Zone (SCZONE) has signed a $16.5 million agreement with Turkish company ELA Tekstil to establish a ready-made garment and denim factory in the Qantara West Industrial Zone.

Egypt’s Suez Canal Economic Zone (SCZone) has signed a contract with Atesan Tekstil to establish a new textile project in the Qantara West Industrial Zone, with investments of $6.5 million.

Commercial International Bank (CIB) signed a partnership and financing agreement with textile manufacturer Paradise Textiles and a group of related companies to fund the establishment of what is set to be the largest eco-friendly textile manufacturing plant in Alexandria’s Amreya Free Zone.

Minister of Investment and Foreign Trade Hassan El-Khatib participated in a roundtable meeting with representatives of Turkish denim and textile companies to reinforce investment opportunities in Egypt.

Minister of Investment and Foreign Trade Hassan El-Khatib met with senior executives from Turkish firm Bonny Socks to discuss plans to establish a new textile factory in Egypt.

The General Authority for Investment and Free Zones (GAFI) is in talks with Fountain Set Limited over the establishment of a $100 million textile industrial complex, as the Chinese manufacturer considers expanding its presence in Egypt’s spinning and weaving sector.

El Nasr Clothing and Textiles Company (KABO) penned an agreement with Yassin Textile in line with its expansion strategy to reinforce partnerships in the export field

The General Authority for the Suez Canal Economic Zone (SCZONE) has signed a contract with Infinity Fabric for a yarn and textile manufacturing project in the Sokhna Industrial Zone, with total investments of $15 million, as per a statement.

The General Authority for the Suez Canal Economic Zone (SCZONE), chaired by Waleid Gamal El-Dien, has launched its first roadshow to Türkiye to promote investment opportunities in Egypt.

The Egyptian cabinet, chaired by Prime Minister Mostafa Madbouly, has greenlit three new projects to operate within the private free zone system, with a combined investment of $207.38 million.

Prime Minister Mostafa Madbouly opened the factory of China’s Hengsheng Textile Technology Company in the Qantara West Industrial Zone, with investments worth $70 million

Waleid Gamal El-Dien, Chairman of the General Authority for the Suez Canal Economic Zone (SCZONE), penned a contract for a project with Haiyan Ximei in the Qantara West Industrial Zone.

ShuanFeng, a Chinese company specialized in ready-made garments manufacturing, plans to develop a factory in Qantara West Industrial Zone, with total investments of $8 million (EGP 388 million).

The General Authority for the Suez Canal Economic Zone (SCZONE) signed a contract with German company Sun Garden to establish a textiles and furnishings project in the Qantara West Industrial Zone.

Waleid Gamal El-Dien, the Chairman of the General Authority of the Suez Canal Economic Zone (SCZone), laid the foundation stone for two new industrial projects in the textile sector, with total investments of $55 million