MANUFACTURING-

Infinity Fabric will set up a USD 15 mn textile manufacturing facility in the Sokhna Industrial Zone, according to a statement. The project will be located on a 24k sqm plot developed by the Main Development Company.

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The project will be implemented in two phases — USD 10 mn for the first phase and USD 5 mn for the second, which will include capacity expansions. The facility will specialize in yarn production, and textile weaving, dyeing, and printing, with an annual production capacity of 6k tons of yarn and 15k tons of fabrics.

Operations are scheduled to begin in 3Q 2026, and the project is expected to create around 1k jobs.

DEVELOPMENT FINANCE-

The European Investment Bank is mulling a USD 38 mn equity investment into a USD 150 mn vehicle managed by Tanmiya Capital Ventures’ Fund Manager BV, according to a project summary from the lender. The EU-Egypt Tanmiya Growth Fund II will support the “growth and institutionalization” of SMEs by opening up capital and providing managerial input.

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