Hossam Heiba, CEO of the General Authority for Investment
and Free Zones (GAFI), stated that the influx of new investments demonstrates
the success of the Egyptian government's efforts to create a favorable
environment for investors and to foster manufacturing opportunities. He highlighted
that the new textile and ready-made garment investments are committed to
exporting 100% of their production, aligning with the Ministry of Investment
and Foreign Trade’s "investment for export" strategy. Production at
the new factories is expected to begin in 2026.
Ayman Saleh, head of the Ismailia General Free Zone, noted
that the zone had prepared and allocated 60 acres for industrial use to
investors in 2024. He added that the zone is currently developing another 70
acres in 2025 to meet the high demand for industrial investment, particularly
in the Suez Canal region.
Representatives from the Chinese and Turkish companies expressed satisfaction with the streamlined procedures and attractive investment climate provided by GAFI. They also announced plans to relocate significant portions of their production operations to Egypt to help achieve GAFI’s goal of transforming the country into a major hub for exports and re-exports in the Middle East, citing Egypt's favorable trade agreements with key global markets.