Egypt to kickstart construction of Turkish industrial zone by mid-2025

The Egyptian government is set to launch a dedicated industrial zone for Turkish investors by mid-2025, aiming to boost bilateral trade and industrial collaboration.

Sources close to the matter revealed to Amwal Al Ghad that negotiations are underway to finalise the location and allocate space for the zone. Several potential sites in Alexandria, Port Said, and Suez are being considered. The zone is expected to attract a diverse range of Turkish industries, including ready-made garments, textiles, engineering, and construction materials.

The zone aligns with Egypt’s broader strategy to attract foreign investment and promote high-value-added industries, contributing to the country’s national development goals. Ministerial sources noted that the government plans to continue establishing specialised industrial zones for global companies, focusing on sectors with potential for significant local manufacturing growth. This includes industries such as solar energy, automotive parts, and aluminum, with the aim of reducing import dependency and boosting domestic production.

Currently, over 1,700 Turkish companies operate in Egypt, with investments exceeding $3 billion. Both countries are working to strengthen their economic ties, aiming to increase bilateral trade to $15 billion in the coming years.

Furthermore, the Egyptian government is focusing on localising 23 promising industries, offering investors incentives to establish operations within the country. These industries, including solar energy components, vehicle tires, and water filtration systems, represent key opportunities to meet domestic demand while reducing the need for imports.

Attribution: Amwal Al Ghad Arabic