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Deputy Prime Minister for Industrial Development, Minister of Transport, and Minister of Industry Kamel El-Wazir Witness the Signing of an Industrial Land Contract to Establish an Integrated Spinning and Textile Complex at Elsewedy Industrial City in New October

Today, Lieutenant General Kamel El-Wazir, Deputy Prime Minister for Industrial Development, Minister of Transport, and Minister of Industry, witnessed the signing ceremony of an industrial land contract to establish an integrated spinning and textile industrial complex as a private free zone, located at Industria October in New October City. The agreement was signed between Elsewedy Industrial Development and Crystal International Group Limited, one of the world’s leading global textile groups.

The signing ceremony was attended by Eng. Ahmed Elsewedy, President & CEO of Elsewedy Electric, along with a number of senior officials from the industrial and investment sectors, representatives of the relevant authorities, and the official delegation of Crystal International Group. The agreement was signed by Eng. Mohamed AlKammah, CEO of Elsewedy Industrial Development, and Mr. LO, Ching Leung Andrew, Managing Director, and Mr. Wong Sing Wah, Sector Head of Crystal International Group Limited.

The project will be developed on an area of 800,000 square meters within Industria October Industrial City in New October, which is developed and managed by Elsewedy Industrial Development. Initial investments are estimated at approximately USD 350 million, in line with the state’s efforts to localize strategic textile industries.

The industrial complex will comprise a fully integrated and specialized production ecosystem for spinning and textiles, covering the spinning of natural and synthetic fibers, yarn production of various types, advanced weaving operations, as well as textile processing, finishing, and dyeing. This integrated value chain within a single location will enhance product quality, reduce waste, and increase the global competitiveness of Egyptian textile products.

The project will rely on the application of advanced manufacturing technologies and high-efficiency production systems that meet export market requirements, while adhering to the highest standards of environmental sustainability and efficient use of energy and water—strengthening Egypt’s position as an advanced regional hub for the spinning and textile industry.

The project is expected to create approximately 20,000 direct job opportunities, making it one of the largest labor-intensive projects in the spinning and textile sector. This will support the state’s plans to generate sustainable employment, transfer technical expertise, and develop qualified industrial talent in one of Egypt’s most strategic industries.

This project comes within the framework of the state’s strategy to revive and develop the spinning and textile industry, deepen local manufacturing, increase value added, reduce reliance on imports, and support industrial exports—leveraging New October’s strategic location and its proximity to ports and modern road and transportation networks.

In this context, a representative of Crystal International Group Limited stated that Egypt was selected due to its advanced industrial infrastructure, availability of skilled labor, and strategic geographic location that provides easy access to European, American, and Asian markets, noting that the project represents one of the group’s largest investments in the spinning and textile sector in the region.

For his part, Eng. Mohamed AlKammah, CEO of Elsewedy Industrial Development, said that the project represents a strong strategic addition to Egypt’s textile industry, reflecting the confidence of major global groups in the Egyptian investment climate and in the ability of Elsewedy’s integrated industrial cities to host specialized, high value-added industries.

He added that establishing the project as a private free zone will support Egyptian textile exports and further strengthen Egypt’s position as a regional hub for the spinning and textile industry, in line with the state’s vision for sustainable industrial growth and increased exports in the coming years.