The move, outlined in a meeting held last week between Hirdaramani Group director Sid Hirdaramani and General Authority for Investment and Free Zones (GAFI) CEO Dr. Mohamed Awad, is part of Egypt's continued push to attract foreign direct investment, particularly in export-oriented manufacturing.
According to GAFI, Hirdaramani Group intends to establish Egypt as a regional centre for manufacturing and exports to global markets, leveraging what the company described as Egypt's "competitive advantages".
The group, which operates more than 30 factories across several countries and employs over 55,000 staff, reported annual revenues of approximately $1.2bn with monthly garment production ranging from 12 million to 18.4 million units exported internationally.
During the meeting, Dr. Awad reiterated GAFI's support for facilitating Hirdaramani's expansion, highlighting the importance of attracting international manufacturers as part of Egypt's strategy to grow its export base and deepen local industrial capabilities.
He stated that such investments help integrate Egypt further into global supply chains and support the development of local supplier industries capable of meeting high international standards.
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According to GAFI, Hirdaramani Group intends to establish Egypt as a regional centre for manufacturing and exports to global markets, leveraging what the company described as Egypt's "competitive advantages".
The group, which operates more than 30 factories across several countries and employs over 55,000 staff, reported annual revenues of approximately $1.2bn with monthly garment production ranging from 12 million to 18.4 million units exported internationally.
During the meeting, Dr. Awad reiterated GAFI's support for facilitating Hirdaramani's expansion, highlighting the importance of attracting international manufacturers as part of Egypt's strategy to grow its export base and deepen local industrial capabilities.
He stated that such investments help integrate Egypt further into global supply chains and support the development of local supplier industries capable of meeting high international standards.
#part
2 days ago
