Minister of Industry Khaled Hashem and GID Textile Egypt Group CEO Selim Şankaya met Tuesday to discuss expansion plans and investment strategies.
This initiative reflects Egypt's broader effort to attract foreign investment and increase industrial employment to stabilize the national economy. By scaling textile production, the government seeks to diversify its export portfolio and reduce reliance on imports.
The discussions focused on a strategy to boost the company's output and reach new markets. GID Textile Egypt aims to raise its exports to $285 million [1] by the end of 2026.
Parallel to the company's specific growth targets, the government is developing a new textile hub in Alexandria. This regional project is projected to generate up to $500 million [2] in annual exports.
Hashem said the meeting was part of a larger effort to support the industrial sector. The strategy involves coordinating between the ministry and private sector leaders to remove barriers to growth, a move intended to make Egypt a more competitive hub for garment and fabric production.
Şankaya said the company is focused on expanding its footprint within the country. The growth plans involve increasing the capacity of existing facilities and leveraging the strategic location of the Alexandria hub to streamline shipping and logistics.
“GID Textile Egypt aims to raise its exports to $285 million by the end of 2026.”
The divergence in export targets—between the specific company goal of $285 million and the broader Alexandria hub projection of $500 million—suggests that Egypt is pursuing a tiered industrial strategy. By combining individual corporate growth with large-scale infrastructure projects, the state is attempting to create a cluster effect in Alexandria to maximize foreign currency inflows.
