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Turkish Amb. Highlights New Investment in Egypt's Textile Sector

Ahmed Emam Turkish Ambassador to Egypt, H.E. Salih Mutlu Şen, announced a new Turkish investment in Egypt's growing textile sector, emphasizing the deepening economic ties between the two nations. In a post on social media platform X, Ambassador Şen stated: 'We discussed the investment environment and opportunities in the country with Haluk Ceylan, the owner of Emaks, which decided to invest in textile accessories (buttons) in Egypt.' The investment by Emaks, a company specializing in textile accessories, particularly buttons, reflects increasing confidence among Turkish businesses in Egypt's industrial potential. The move also aligns with Egypt's broader strategy to attract foreign direct investment (FDI) into its manufacturing and textile industries. Ambassador Şen's remarks come amid a wave of renewed cooperation between Ankara and Cairo, as both countries continue to rebuild economic and diplomatic relations. In January, a number of Turkish firms announced that they are planning to pump new investments of not less than $300 million in Egypt during 2025, particularly in the textile sector. read more CBE: Deposits in Local Currency Hit EGP 5.25 Trillion Morocco Plans to Spend $1 Billion to Mitigate Drought Effect Gov't Approves Final Version of State Ownership Policy Document Egypt's Economy Expected to Grow 5% by the end of 2022/23- Minister Qatar Agrees to Supply Germany with LNG for 15 Years Business Oil Prices Descend amid Anticipation of Additional US Strategic Petroleum Reserves Business Suez Canal Records $704 Million, Historically Highest Monthly Revenue Business Egypt's Stock Exchange Earns EGP 4.9 Billion on Tuesday Business Wheat delivery season commences on April 15 News Israeli-Linked Hadassah Clinic in Moscow Treats Wounded Iranian IRGC Fighters Arts & Culture "Jurassic World Rebirth" Gets Streaming Date News China Launches Largest Ever Aircraft Carrier 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 Arts & Culture South Korean Actress Kang Seo-ha Dies at 31 after Cancer Battle Business Egyptian Pound Undervalued by 30%, Says Goldman Sachs News "Tensions Escalate: Iran Probes Allegations of Indian Tech Collaboration with Israeli Intelligence" Sports Get to Know 2025 WWE Evolution Results News Flights suspended at Port Sudan Airport after Drone Attacks