A member of the Egyptian Businessmen’s Association and head of the Tax and Finance Committee of the Egyptian-Lebanese Businessmen’s Association, Rami Fathallah, anticipates that Turkey will invest over US$500 million in Egypt during 2026, in vital industrial and commercial sectors.
Fathallah explained that these investments are expected to be concentrated primarily in the spinning, weaving, dyeing, and finishing sectors, in addition to various industrial and commercial projects.
This reflects the renewed momentum in economic relations between Cairo and Ankara, and the interest of Turkish investors in the Egyptian market as a promising industrial and regional hub, he added.
Fathallah’s remarks came on the sidelines of his participation in the meetings of the Egyptian-Turkish Joint Business Council, where he affirmed that the current phase represents a genuine opportunity to deepen industrial partnerships between the two countries.
He cited Egypt’s advanced industrial infrastructure, the availability of a skilled workforce, and trade agreements that facilitate access to regional and international markets as reasons.
Encouraging foreign investments
He emphasized the importance of stimulating foreign investments, particularly Turkish, through unconventional tax and procedural incentives that go beyond traditional investment attraction frameworks.
This would thereby enhance he competitiveness of the Egyptian economy and encourage the localization of industry.
He also called to link investment incentives to clear performance indicators, primarily the employment of Egyptian workers, increasing local content, and achieving sustainable export revenues, to ensure a genuine economic and social impact from these investments, rather than focusing solely on capital.
Fathallah emphasized that the textile sector represents one of the most prominent areas of Egyptian-Turkish cooperation, given the accumulated expertise and manufacturing and technological capabilities of both sides.
He pointed out that these anticipated investments could contribute to boosting Egyptian exports, transferring technology, and creating direct and indirect job opportunities.
Fathallah affirmed that joint business councils serve as an effective platform for bridging perspectives between governments and the private sector and promoting joint investments, thus serving Egypt’s industrial and commercial development goals in the near future.
Turkey set to invest $500 million in Egypt during 2026: Expert Egypt Independent.
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