Wednesday 28/January/2026 – 11:18 PM
Mohamed Abdel Salam, head of the chamber, confirmed Clothing industry And textiles at the Federation of Industries, said that there are no risks to Egyptian companies from the Turkish investments that pumped millions of dollars into the local market, indicating that these companies did not come to compete, but rather to add real value to the clothing and textile industry sector in Egypt.
The Chamber had previously received inquiries from about 60 major companies operating in the ready-made clothing and textile sectors, which expressed their desire to expand within the Egyptian market during the year 2026.
Head of the Chamber of Clothing Industry: There are no risks to local companies from Turkish investments
Abdel Salam explained in statements to Cairo 24 that Turkish companies tend to invest in Egypt for the purpose of exporting to foreign markets, due to their long-term contracts with international clients, and with the significant rise in production costs within Turkey, these companies have become unable to compete globally in terms of prices, which has prompted them to search for productive alternatives capable of maintaining their competitiveness, and Egypt was the most appropriate choice in this context.
The head of the Chamber of Clothing Industry indicated that these investments contribute to providing broad job opportunities for Egyptian youth, as well as introducing foreign currencies in the form of dollars and euros, depending on export, benefiting at the same time from the strong infrastructure that Egypt possesses in the fields of textile and ready-made clothing industry.
Regarding employment, the head of the Chamber explained that the percentage of foreign workers within these companies does not exceed 3%, and is limited to trained Turkish cadres and those with the necessary experience for management and transfer of knowledge, stressing that in exchange for employing a limited number of Turkish experts, hundreds of job opportunities are provided for Egyptians, as employing about five Turkish individuals corresponds to employing approximately 500 Egyptian workers.
Abdul Salam added that cooperation between Turkish companies operating in the textile and ready-made clothing sector and the Chamber of Clothing and Textile Industry has been in place for a long time, and aims to provide high-quality products at competitive prices that meet the needs of local and global markets.
Earlier, Abdel Salam explained, in press statements, that the majority of these inquiries that the Chamber received during the year 2025 came from Turkish and Chinese companies, with the aim of manufacturing in Egypt and exporting to foreign markets.
The head of the Chamber estimated the volume of investments expected to enter the Egyptian market through Turkish and Chinese companies during the year 2026 at about $3 billion at the very least.
He added that the companies of interest are classified within the category of large companies, with the expected investments for each company in Egypt ranging between 30 and 70 million dollars.
Abdel Salam pointed out that the past two years witnessed the expansion of about 1,000 small and medium Turkish companies in the Egyptian market, including 150 companies that carried out actual investments by establishing new factories, while the rest of the companies resorted to renting production lines or manufacturing with existing Egyptian companies.
The volume of investments by Turkish companies that pumped direct investments into Egypt during the past two years was estimated at about $3 billion on average, with investments ranging between $20 and $30 million for each company.
