Ulusoy Tekstil, one of Turkey’s leading textile manufacturers, is joining the growing list of Turkish companies investing in Egypt’s booming textile sector. The company has signed a landmark agreement with the Suez Canal Economic Zone (SCZone) to establish a spinning and yarn production facility in the Qantara West Industrial Zone.
The investment marks a major step in the strengthening of economic ties between Turkey and Egypt. Ulusoy Tekstil will invest $18 million in the initial phase of the project, which is expected to create direct employment for 855 workers. The facility will span 35,000 square meters and will primarily focus on export production, with 80% of the output destined for international markets and the remaining 20% for domestic consumption.
SCZone Chairman Waleid Gamal El-Dien emphasized the strategic importance of the Qantara West Industrial Zone in driving regional growth within the textile and ready-to-wear industries. “The zone continues to evolve as a regional hub for labor-intensive, export-oriented industries. Ulusoy Tekstil’s investment further validates our position as a competitive destination for international manufacturers,” he said.
This project becomes the 24th investment initiative in the Qantara West area, bringing the total investment in the region to $661.5 million and direct employment to over 34,455 people.
Ulusoy Tekstil’s decision reinforces Egypt’s reputation as an attractive production base thanks to its strategic location, skilled workforce, and growing infrastructure within SCZone. With over $3 billion in Turkish investments already active in Egypt, this latest development signals deeper collaboration and long-term economic synergy between the two nations.
