Egypt is taking a decisive step toward becoming a global hub for sustainable textile manufacturing. This ambitious move was marked by a landmark partnership and financing agreement between Commercial International Bank-Egypt (CIB) and Paradise Textiles. CIB, Egypt’s leading private sector bank, has officially committed $72 million to fund the establishment of a massive, integrated fabric manufacturing plant in the Amreya Public Free Zone, Alexandria. This project is set to become the largest textile facility of its kind in the region, fully embracing cutting-edge green technologies.
The Egyptian textile and garment sector is currently standing on the threshold of a massive transformation, poised to redraw the global apparel manufacturing map. The Apparel Export Council of Egypt (AECE) has officially set an ambitious target to reach a record-breaking $4.4 billion in garment exports by 2026. This target represents a significant 22% surge compared to the projections for 2025, a year in which exports are expected to surpass the $3 billion mark for the first time in the nation's history.
The Rise of New Giants: Egypt and Kenya Lead Massive Expansion of African Textile Manufacturing Hubs
The global textile and apparel map is undergoing a tectonic shift as African nations accelerate their ambitions to capture market share from traditional Asian hubs. Over the past three months, Egypt and Kenya have positioned themselves not merely as alternatives, but as the new gravity centers for global manufacturing. Leveraging strategic logistics to Europe and duty-free market access to the United States, these two nations have become magnets for foreign direct investment seeking stability amidst global geopolitical tensions.
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