Minister of Public Enterprises Sector Mohamed El-Shimy met with Chairperson of Eroğlu Group Nurettin Eroğlu and his accompanying delegation at the ministry's headquarters in the New Administrative Capital to explore potential cooperation between the group and the Cotton, Spinning, Weaving & Garments Holding Company. Discussions focused on partnership opportunities in managing and operating several newly established textile factories affiliated with the ministry. During the meeting, both sides reviewed the key elements of the national programme to develop Egypt's spinning and weaving industry across the ministry's affiliated companies. The project entails a comprehensive modernisation of infrastructure and the establishment of new factories built to the highest international standards, covering all production stages — from spinning to finishing and garment manufacturing — with state-of-the-art equipment from leading global manufacturers. The development programme also includes intensive training and upskilling initiatives to enhance workforce efficiency and productivity, ensuring top-quality output and global competitiveness. Minister El-Shimy emphasised that such partnerships would help maximise the returns on substantial state investments aimed at revitalising this vital sector, safeguarding national assets, and boosting economic returns. He reaffirmed the ministry's commitment to modernising and developing Egypt's spinning and weaving industry, describing it as a cornerstone of the national economy. Through this comprehensive project, Egypt aims to restore its historical leadership in the textile sector, increase the added value of local products, and achieve full industrial integration — positioning the country as a regional hub for textile manufacturing. For his part, Eroğlu highlighted the group's extensive international experience in managing spinning and weaving factories and expressed strong interest in expanding in Egypt, describing it as a promising and fast-developing market. He noted that Eroğlu Group already operates investments in Ismailia and Damietta, exporting its products to the US and European markets. The company now seeks to deepen its presence in Egypt through expanded cooperation with the Ministry of Public Enterprises Sector on operating textile factories under its umbrella. Both sides discussed preliminary partnership models, following a recent technical visit by an Eroğlu Group delegation to Misr Spinning and Weaving Company in El-Mahalla El-Kubra to assess the progress of modernisation efforts there. The delegation is also scheduled to visit another ministry-affiliated company in a different governorate in the coming days.
