Cairo: Minister of Industry Khaled Hashem engaged in discussions with Selim Sankaya, CEO of GID Textile Egypt Group, focusing on the company's expansion plans and strategies to enhance investments and exports, aiming to elevate exports to $285 million by the end of 2026.According to State Information Service Egypt, the meeting, which took place on Tuesday, June 16, 2026, included the participation of Assistant Minister for Strategic Affairs Mohamed Sami and Assistant Minister for Industrial Policies Maha Saleh. The discussions reviewed GID Textile Egypt's current operations, where the company has been active since 2008, operating three manufacturing facilities in Borg El Arab, 10th of Ramadan City, and Ismailia, and employing about 15,000 workers.The dialogue also explored the company's future expansion plans, which involve increasing production capacities at existing factories and establishing new facilities to support export-driven growth. This strategy includes adopting sustainability and green manufa cturing practices, especially in textile dyeing and the production of advanced fabrics such as high-performance polyester.Minister Hashem emphasized that the textile sector is a priority under Egypt's Industrial Strategy 2030, reiterating the ministry's dedication to supporting manufacturers and addressing investor challenges. He highlighted that bolstering the textile industry would deepen local manufacturing, increase domestic value added, and enhance the global competitiveness of Egyptian products.The minister also welcomed GID Textile Egypt's proposal to attract Turkish firms specializing in textile waste recycling to Egypt, underscoring the ministry's support for localizing recycling technologies and expanding circular economy practices within the textile sector. Hashem noted that introducing advanced textile recycling technologies would support Egypt's sustainable development goals and create new investment opportunities, expressing the ministry's readiness to facilitate discussions with interested international companies.Sankaya outlined the group's ambition to increase exports to $500 million by 2029-2030 by fully utilizing existing production facilities and gradually operating new factories. He commended the Egyptian government and the Ministry of Industry for their efforts to improve the business environment and support industrial investment, affirming Egypt's role as a strategic manufacturing and export hub for the group.