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Türkiye launched a denim manufacturing project as its new investment initiative in the Suez Canal Economic Zone (SCZone), which aims to employ around 500 Egyptian workers and achieve an annual production capacity of 18 million tons of fabric.
The project is set to cover an area of nearly 17,000 square meters (182,986.4 feet).
Half of the output will be allocated for the local market, while the other half will be exported—highlighting the strategic significance of the investment in supporting local industry and boosting exports simultaneously.
According to Walid Gamal El-Din, Chairman of the SCZone, the signing of this agreement aligns with the authority’s strategy to localize high-value-added textile industries in Egypt.
This initiative supports the state’s efforts to reduce imports and deepen local manufacturing.
He emphasized that Egypt’s political and economic stability has enhanced the attractiveness of the SCZone, which has become a key destination for foreign investment thanks to its strategic location between the Red and Mediterranean Seas, modern infrastructure, and integrated supply chains connected to a robust network of ports.
Gamal El-Din added that the Sirikcioglu project marks the 25th investment in West Qantara, bringing the total value of investments in the area to over $681 million and creating nearly 35,000 direct job opportunities.
This step contributes to the integration of production stages, enhancing operational efficiency and supporting the fulfillment of both local and international market demands.
It is worth highlighting that Sirikcioglu, founded in 1997 in Türkiye's Kahramanmaras, is one of the leading producers of denim fabrics in the Turkish market, holding the top position in the sector.
The company employs over 5,000 workers and exports its products to a wide range of global brands, making its presence in Egypt a significant boost.
This move further strengthens Egypt’s position as a regional hub for manufacturing and export in this vital sector.
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