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Hirdaramani Group seeks Egypt expansion to boost export manufacturing
The Sri Lankan apparel maker said it plans to position Egypt as a regional manufacturing and export hub, as part of Egypt's push for foreign direct investment in export-oriented industry.
Sri Lanka-based Hirdaramani Group is exploring an expansion in Egypt, aiming to establish the country as a regional center for manufacturing and exports to global markets, according to an interaction between the company and Egypt’s investment authority.
In a meeting held last week at the General Authority for Investment and Free Zones (GAFI) headquarters, Hirdaramani Group director Sid Hirdaramani met with GAFI CEO Dr. Mohamed Awad. The companies said the effort aligns with Egypt’s broader strategy to attract foreign direct investment, particularly into export-oriented manufacturing.
GAFI said Hirdaramani operates more than 30 factories across several countries and employs over 55,000 people. The group reported annual revenues of about $1.2 billion, and monthly garment production ranging from 12 million to 18.4 million units exported internationally.
During the discussion, Dr. Awad highlighted GAFI’s support for facilitating the expansion, including efforts to integrate Egypt further into global supply chains and strengthen local supplier industries that can meet international standards. The parties agreed to coordinate to identify additional investment opportunities, with the collaboration expected to help boost jobs and Egyptian exports by drawing in higher value-added manufacturing.