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. Encouraging foreign investmentsHe emphasized the importance of stimulating foreign investments, particularly Turkish, through unconventional tax and procedural incentives that go beyond traditional investment attraction frameworks. 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.

Source: Egypt Independent February 02, 2026 09:08 UTC