The move, outlined in a meeting held last week between Hirdaramani Group director Sid Hirdaramani and General Authority for Investment and Free Zones (GAFI) CEO Dr. Mohamed Awad, is part of Egypt’s continued push to attract foreign direct investment, particularly in export-oriented manufacturing.

According to GAFI, Hirdaramani Group intends to establish Egypt as a regional centre for manufacturing and exports to global markets, leveraging what the company described as Egypt’s “competitive advantages”.

The group, which operates more than 30 factories across several countries and employs over 55,000 staff, reported annual revenues of approximately $1.2bn with monthly garment production ranging from 12 million to 18.4 million units exported internationally.

During the meeting, Dr. Awad reiterated GAFI's support for facilitating Hirdaramani's expansion, highlighting the importance of attracting international manufacturers as part of Egypt’s strategy to grow its export base and deepen local industrial capabilities.

He stated that such investments help integrate Egypt further into global supply chains and support the development of local supplier industries capable of meeting high international standards.

Hirdaramani recognised the measures Egypt has taken to improve its investment climate, noting the Group views Egypt as a strategic platform for enhancing its manufacturing footprint and export reach.

He confirmed the company’s commitment to pursue its investment initiatives in ways that enhance its regional and international presence

Both parties agreed to maintain close coordination to identify further investment opportunities supporting Hirdaramani’s future expansion in Egypt.

The collaboration is expected to contribute to the State’s objectives of increasing foreign direct investment, generating jobs, and bolstering Egyptian exports by attracting high value-added industries.