Egypt’s textile and garment industry is experiencing notable expansion, driven by strategic investments, cost advantages, and a favorable business environment. According to Mohamed Abdel Salam, head of the Readymade Garments and Textiles Chamber at the Federation of Egyptian Industries, the sector’s growth is supported by global economic shifts and a surge in foreign direct investment (FDI).
Key factors contributing to this growth include competitive electricity costs averaging Key factors contributing to this growth include competitive electricity costs averaging $0..
07 per kWh, water prices ranging between 07 per kWh, water prices ranging between $0..
30 and $0.50 per cubic meter, and construction costs between 0 and 0 per square meter.
These cost efficiencies have attracted numerous global apparel companies to initiate or expand operations in Egypt .
The government’s commitment to the sector is evident through initiatives such as the establishment of 10 new textile industrial zones spanning over 6 million square meters, accommodating approximately 1,250 textile factories and creating job opportunities for about 1.5 million people. Additionally, foreign investments totaling .
5 billion have been directed towards the textile and garment sector, further bolstering its growth trajectory.
Looking ahead, Egypt aims to increase its textile and garment exports to $1.4 billion by 2025, up from $1.2 billion in 2023. The Destination Africa 2024 exhibition, held in Cairo, showcased 30 Egyptian companies and attracted over 250 international buyers, highlighting Egypt’s growing role in the global textile market.
With strategic investments and a conducive business environment, Egypt is poised to solidify its position as a leading player in the global textile and garment industry.
