By Manal Abdel Fattah
Ambassador Shen: The factory is expected to begin production at the end of this year and will provide 3,000 opportunities for our Egyptian brothers.
The Ambassador of the Republic of Turkey in Cairo, Mr. Salih Mutlu Şen, Major General Akram Jalal, Governor of Ismailia, and Mr. Walid Gamal El-Din, Head of the Suez Canal Economic Zone, participated.
Mr. Nour El-Din Eroğlu, owner of Eroğlu Global Holding Company, at the foundation stone laying ceremony for a new factory for Eroğlu Global Holding Company in Ismailia Governorate.
Ambassador Shen added in his speech on the sidelines of the foundation stone laying ceremony that the new project, the foundations of which we laid today, will be built on a closed area of 45,000 square meters on a land area of 65,000 square meters, and that the factory will be equipped with the latest technologies and will include a recycled water treatment system and facilities.
Environmentally friendly energy, and is scheduled to be operated in December of this year.
Ambassador Shen said that Egypt and Turkey are stronger together, explaining that this project, which has an investment cost of $40 million, will provide job opportunities and success for 3,000 Egyptian brothers.
The project will also have an export capacity of $100 million, as it will be allocated to producing jeans for the most famous international brands.
With an expected annual production capacity of 7 million pairs of jeans when fully operational.
Ambassador Shen pointed out that Turkish investments in Egypt are continuing to develop and grow, explaining that Eroglu Global Holding Company, which owns the new project, has another factory in the city of Damietta that was established in 2010 with investments of $120 million and currently employs 1,600 Egyptian brothers.
Ambassador Shen added that Eroglu Global Holding Company will invest a total of $100 million in the companies EROGLU GARMENT and DNM, starting today until the end of 2025, and will reach an export capacity of $280 million from Egypt.
Ambassador Shen thanked the company’s owner, Mr. Nuruddin Eroğlu, and the company’s managers for this long-term investment that contributes to the economy of the two brotherly countries.
Pointing out that the horizon of economic cooperation between Egypt and Turkey is very large.
At the conclusion of his speech, Ambassador Shen stated that this investment and the investments scheduled to be implemented in the short, medium and long term are part of the growth and development strategy pursued by Turkey with sisterly Egypt as complementary economies, indicating that President Sisi’s expected visit to Turkey and the agreements that will be signed within the framework of the Gulf Cooperation Council The high-level strategy will enhance economic cooperation.
Ambassador Shen said that the economic and technical agreements scheduled to be signed were reviewed during the meetings between Foreign Minister Hakan Fidan and Egyptian Foreign Minister Badr Abdel Ati.
Eroglu Global Holding Company
Under the leadership of the Chairman of the Board of Directors of Eroglu Global Holding Company, Mr. Nordin Eroglu, the company will add a new episode to its journey that began in Istanbul in 1983 by holding the foundation stone laying ceremony in Egypt.
Eroglu Global Holding Company operates in the fields of ready-made garments, denim fabric production, retail, services, and the construction sector in many countries, most notably Turkey, and employs tens of thousands of workers.
The company will begin its second major investment in Egypt in the city of Ismailia
Eroglu Global Holding’s new project, Eroglu Garment, will be located in the Abu Khalifa area under the management of the SC Zone Authority, on a total area of 65 thousand square meters, with a closed area of 45 thousand square meters.
The factory will contain modern technologies, including a water reuse system, as well as projects to produce environmentally friendly energy.
