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Turkey's KCG Textile Launches $24 Million Expansion in Egypt's 10th of Ramadan Industrial Zone

Nada Mustafa Turkish textile company KCG has announced a new $24 million investment in Egypt's 10th of Ramadan Industrial Zone, continuing its long-standing operations in the country. The groundbreaking ceremony, held on July 6, 2025, was attended by Egypt's Minister of Foreign Trade and Investment, Hassan El-Khatib, Chairman of the General Authority for Investment and Free Zones (GAFI), Hossam Heiba, and Turkish Ambassador to Cairo, Salih Mutlu Şen. KCG's latest investment is expected to create approximately 500 new jobs for Egyptians, bringing the company's total workforce in Egypt to around 2,300. The new factory is scheduled to begin operations in October 2025. KCG, which has been operating in Egypt since 2007, currently employs around 1,800 Egyptians and produces a wide range of textile products, including window fabrics, bed linens, decorative pillow covers, tablecloths, upholstery fabrics, shower curtains, and garment textiles. The company has sales offices in United States (US), United Kingdom (UK), China, Turkey, and Egypt. With a total investment in Egypt reaching $65 million, KCG aims to increase its annual export value to $100 million. The new investment will also include the production of apparel items for global brands and markets. During the ceremony, speeches were delivered by El-Khatib, Şen, and KCG owner Yılmaz Küçükçalık. For his part, Turkish Ambassador welcomed the expansion of Turkish investments in Egypt, highlighting the geographical, cultural, and social proximity between the two countries, as well as the strength of their transportation networks and Egypt's favorable investment environment. Moreover, he emphasized that the natural and strategic ties between Egypt and Turkey make Egypt a key destination for Turkish investors. Şen also added that bilateral trade and Turkish investment in Egypt will continue to grow, calling this development 'inevitable.' Furthermore, Turkish ambassador noted that free trade agreements and shared infrastructure mean Turkey is set to remain among Egypt's top three foreign trade partners. He also stressed the importance of peace, stability, and development in the region, underlining that economic cooperation remains a priority for Turkey's approach toward Egypt. In conversations with El-Khatib, Şen praised the efficiency of Turkish companies in launching their operations, with El-Khatib agreeing and noting the high speed and quality associated with Turkish investments. Looking ahead, KCG also plans to launch a new investment in Egypt in 2026, further deepening its presence and contribution to Egypt's textile industry. read more Gold prices rise, 21 Karat at EGP 3685 NATO's Role in Israeli-Palestinian Conflict US Expresses 'Strong Opposition' to New Turkish Military Operation in Syria Shoukry Meets Director-General of FAO Lavrov: confrontation bet. nuclear powers must be avoided News Iran Summons French Ambassador over Foreign Minister Remarks News Aboul Gheit Condemns Israeli Escalation in West Bank News Greek PM: Athens Plays Key Role in Improving Energy Security in Region News One Person Injured in Explosion at Ukrainian Embassy in Madrid News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters News China Launches Largest Ever Aircraft Carrier Sports Former Al Zamalek Player Ibrahim Shika Passes away after Long Battle with Cancer Videos & Features Tragedy Overshadows MC Alger Championship Celebration: One Fan Dead, 11 Injured After Stadium Fall Lifestyle Get to Know 2025 Eid Al Adha Prayer Times in Egypt Business Fear & Greed Index Plummets to Lowest Level Ever Recorded amid Global Trade War News Flights suspended at Port Sudan Airport after Drone Attacks News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" Videos & Features Video: Trending Lifestyle TikToker Valeria Márquez Shot Dead during Live Stream Technology 50-Year Soviet Spacecraft 'Kosmos 482' Crashes into Indian Ocean