Founded in 2007 and started to operate in Egypt in 2008 in the field of home textiles, KCG Textile laid the foundation of its new factory in 10th of Ramadan Industrial Zone. The company, which is under the umbrella of Küçükçalık Group, is expected to provide employment for 2,300 Egyptians in total by adding 500 more people to the current employment of 1800 people with its additional investment of 24 million dollars in October this year.
The groundbreaking ceremony was attended by the owner of the company Yılmaz Küçükçalık and senior officials of the company, as well as Egyptian Minister of Trade and Investment Hassan el-Hatib, The Egyptian General Authority for Investment and Free Zones (GAFI) President Husam Heyba and Turkish Ambassador to Cairo Salih Mutlu Şen.
KCG Textile, which produces for well-known international brands operating in Egypt and also exports to foreign markets and currently has an investment of 65 million dollars, aims to reach 100 million dollars in annual exports with its new investment.
“Turkish companies stand out in quality production in Egypt”
In his speech at the ceremony, Ambassador Şen stated that they welcome the expansion of Turkish investments in Egypt and their growth in Egypt based on a win-win approach.
He expressed that the geographical, cultural and social proximity of Türkiye and Egypt, the intertwining and efficiency of transportation and communication networks, as well as the interest and friendship shown towards Turkish investors in Egypt make Egypt a natural and main destination for Turkish investments, saying that Turkish investments and bilateral trade will continue to grow and develop and that this is inevitable.
Şen pointed out that the free trade agreements, transportation networks and infrastructure between Türkiye and Egypt mean that Türkiye will continue to be among the top three countries in Egypt’s foreign trade in the future.
Stating that the people of both countries and all peoples in the region need development and employment along with regional peace, security and stability, he emphasized that economic cooperation is a priority in Türkiye’s approach towards Egypt.
Egyptian Minister of Trade and Investment Hassan al-Hatib emphasized that Turkish companies stand out in quality production in Egypt.
The portfolio of Turkish KCG Textile, which has been continuing its investments in Egypt since 2007 on an area of 200 thousand square meters, includes home textile products such as curtains, bedding, decorative pillowcases, tablecloths, upholstery fabrics, shower curtains and garment fabrics.
In addition to Türkiye and Egypt, the company has sales offices in the US, the UK and China, as well.