Elsewedy Industrial Development, Turkish Boni to establish $100M integrated textile factory in Egypt

Updated 7/10/2025 10:39:00 AM
Elsewedy Industrial Development, Turkish Boni to establish $100M integrated textile factory in Egypt

Arab Finance: Elsewedy Industrial Development, a subsidiary of Elsewedy Electric, has signed an agreement with Turkish textile giant Boni to establish a $100 million integrated textile factory in 10th of Ramadan City, as per a statement.

The project will be developed within the Industria 10th industrial zone and span 120,000 square meters, becoming a private free zone aimed at enhancing Egypt’s role as a regional textile hub.

Supported by the Egyptian Commercial Representation Office in Istanbul and the General Authority for Investment and Free Zones (GAFI), the deal is seen as a step forward in attracting foreign direct investment into Egypt’s textile sector, a key contributor to exports and job creation.

Operations at the new facility are expected to begin by the end of 2026 and create around 2,500 direct and indirect jobs.

 

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