The land will serve as a private free zone dedicated to establishing a fully integrated factory for the production of high-quality textiles, with a total investment of $100 million.
El Sewedy Industrial Development has signed an agreement with Turkey’s Bony Textile Industries to acquire a 120,000-square-meter industrial land plot within the “Industria 10th” project in 10th of Ramadan City, according to a statement released by the General Authority for Investment and Free Zones (GAFI).
The land will serve as a private free zone dedicated to establishing a fully integrated factory for the production of high-quality textiles, with a total investment of $100 million.
Mohamed El Komah, CEO of El Sewedy Industrial Development, stated that this agreement reflects international investors’ confidence in the company’s comprehensive services and advanced infrastructure within its industrial cities—facilities specifically designed to meet investors' needs and support their ambitions for growth and expansion.
He added that the Industria 10th project offers a business-friendly environment that enables investors to focus on their operations and achieve maximum productivity.
El Sewedy Industrial Development remains committed to providing continuous support to its clients through smart solutions, integrated utility networks, and professional operational services, all in line with the highest international standards.
This ensures the success of industrial partners and helps them achieve their investment goals both in the Egyptian market and in export markets.
Meanwhile, Hasan Glukaya, CEO of Bony Textile Industries, highlighted that the new factory will create approximately 2,500 direct and indirect job opportunities, with an investment valued at around $100 million. The facility is scheduled to begin operations by the end of 2026.
