The meeting took place during the opening of the Denim and Jeans International Exhibition in Egypt. The event was attended by top officials, including Mohamed El-Gawsaky, CEO of the General Authority for Investment (GAFI), and Mustafa Denizer, head of the Turkish side of the Egyptian-Turkish Business Council.
El-Khatib emphasized that the textile and garment sector is
a cornerstone of Egypt’s investment strategy. He noted that the participating
Turkish firms represent the high-value, export-oriented industrial investment
that Egypt aims to attract.
"The Egyptian government is committed to supporting
investor operations and simplifying licensing procedures to facilitate
expansions," El-Khatib said, highlighting the role of GAFI in ensuring
effective coordination across government agencies.
The Minister outlined several strategic advantages for manufacturers
in Egypt, including preferential trade agreements with the EU, US, Africa, and
Arab markets, a strategic geographic location that reduces lead times and
customs costs, state efforts to build an integrated supply chain from yarn and
fabric to finished garments, and a large, skilled workforce with competitive
costs, supported by government vocational training programs.
The Minister described investors as strategic partners in
Egypt's goal to integrate further into global value chains. He added that the
country’s trade policy is designed to enhance the global competitiveness of
local manufacturers, making Egypt a natural export platform for the denim
industry.
Now in its second edition in Egypt, the Denim and Jeans exhibition serves as a specialized international platform for global suppliers and investors to showcase sustainable innovations and technologies.