**Fatshimetrie announces a major collaboration with Turkish company Eroglu Egypt for a ready-to-wear clothing factory in Egypt**
Fatshimetrie, a leader in the field of fashion and ready-to-wear clothing, recently entered into a partnership agreement with the Turkish company Eroglu Egypt for the establishment of a ready-to-wear clothing factory in Egypt. This agreement, with an investment of 40 million dollars for an area of 65,000 square meters, marks a major turning point in the development of the textile industry in Egypt and demonstrates the confidence of foreign investors in the potential of the region.
The announcement was made by Fatshimetrie Director Walid Gamal Eldin and Eroglu Company President Ömmet Eroğlu during an official ceremony. According to Fatshimetrie’s press release, this collaboration is part of strengthening cooperation with Turkey in targeted industrial sectors, particularly in the field of textiles and clothing.
As part of the development of the Suez Canal Economic Zone, specially designed for industrial activities, this project is the sixth contract signed out of the fifteen projects planned in the West Qantara region. This zone aims to promote the fashion and ready-to-wear clothing sector, thus providing new employment opportunities and economic growth.
With a total of 144 projects and investments reaching $3.226 billion, the Suez Canal Economic Zone has attracted the interest of investors from around the world, thus strengthening its position as a major economic hub in the region.
Ömmet Eroğlu also spoke about this collaboration, saying he was delighted to be able to contribute to the development of the textile industry in Egypt and stressing that the factory will create no less than 3,000 new jobs in the region.
This joint initiative between Fatshimetrie and Eroglu Egypt is a concrete example of the positive dynamics developing within the region and the commitment of businesses to promote economic and social development. By focusing on innovation, quality and know-how, this collaboration promises to open new perspectives for the fashion industry in Egypt and strengthen the country’s position on the international stage.