The number of Turkish companies operating in Egypt’s Suez Canal Economic Zone has reached 18, with a total investment volume of approximately $794 million, mainly in the textile, ready-wear, and healthcare sectors.
Interest from Turkish investors in the Suez Canal Economic Zone continues to grow steadily. According to available data, 18 Turkish firms are now active in the zone, with their combined investments approaching $794 million. A significant portion of these investments is concentrated in the textiles, garments, and healthcare industries.
Hayat Kimya Establishing Sixth Factory in Egypt
Most recently, the Egyptian authorities announced a $44 million healthcare products factory investment by Turkish company Hayat Kimya, located within the Suez Canal Economic Zone. This marks the company’s sixth factory in Egypt.
A New Chapter for Turkish Investments
Following the announcement, Walid Gamal El-Din, Chairman of the General Authority for the Suez Canal Economic Zone, highlighted that the zone has recently succeeded in attracting various investments. He stated that Turkish investments in the region now span 18 companies, focusing on sectors such as textiles, ready-to-wear clothing, and healthcare, with total investments reaching approximately $794 million.
Of this total:
• 10 companies operating in the integrated Sokhna region have invested $508 million,
• While 8 companies in Qantara West have invested $289 million.
Turkish Investors Show Strong Confidence
Gamal El-Din emphasized that this expansion reflects the high level of confidence Turkish investors have in the Suez Canal Economic Zone. He attributed this trust to the zone’s recent promotional efforts, the modernization of infrastructure and facilities to meet international standards, and the digitalization of services aimed at enhancing the investor experience through a one-stop-shop approach.
He also stressed the Egyptian government’s commitment to localizing and deepening industrial activity in targeted sectors. Gamal El-Din concluded by expressing Egypt’s aspiration to attract more global investments, especially in light of the country’s current political and economic stability, continued growth, and distinguished international relations, with the goal of boosting Egyptian exports.
Source: Prepared by: İlayda Gök