{"id":667423,"date":"2025-06-25T00:00:00","date_gmt":"2025-06-25T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/25\/mgs-industry-plans-usd-500-mn-us-focussed-export-push\/"},"modified":"2025-06-25T00:00:00","modified_gmt":"2025-06-25T00:00:00","slug":"mgs-industry-plans-usd-500-mn-us-focussed-export-push","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/06\/25\/mgs-industry-plans-usd-500-mn-us-focussed-export-push\/","title":{"rendered":"MGS Industry plans USD 500 mn US-focussed export push"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>M<\/strong><strong>GS Industry<\/strong><strong> \u2014 FKA Nile Textile Industries \u2014 has earmarked EGP 2.5 bn (c. USD 50.0 <\/strong><strong>mn) for the first phase of its expansion plan<\/strong>, with a plan to increase this to USD 500 mn over the next five years, said Chairman Mahmoud Ghazal in a statement seen by EnterpriseAM. The expansion is supported by an unnamed \u201cmajor\u201d US investment company that focuses on countries outside the states.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The US investment company-backed push is alread<\/strong><strong>y pushing to acquire lo<\/strong><strong>cal industrial <\/strong><strong>companies <\/strong>and also new companies across several governors, according to Ghazal. The company is looking to expand its spinning and weaving capabilities, but is also eyeing agriculture and real estate.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>It makes sense to use Egypt as an export base to the US given our preferential tariff <\/strong><strong>treatment<\/strong>, as the country was only given a 10% tariff in Trump\u2019s Liberation Day ramping up of the global trade war. <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/04baf56e-8513-4f37-bbd0-b99c0629e6c9\/egypt-could-get-partial-relief-from-trump%25e2%2580%2599s%253cmark%253e-tariffs%253c%2Fmark%253e-%25e2%2580%2594-but-there%25e2%2580%2599s-a-catch\" style=\"\" rel=\"noopener\">Some argue that this gives us an unique chance<\/a> for Egypt to take advantage of the new US tariff system, particularly in sectors like ready-made garments and textiles \u2014 where tariffs on exports from competitors like Bangladesh and Vietnam exceed 40%. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>As regular readers of EnterpriseAM will know, China and Turkey definitely got the memo<\/strong>, with news of companies from the two countries upping their activities in the country becoming a now common part of the local business news cycle.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The expansion will be phased over five years<\/p>\n","protected":false},"author":1,"featured_media":667424,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7272],"tags":[72,125,2080],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-667423","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-enterpriseam","tag-investment-watch","tag-textiles","wpautop","entry"],"acf":{"mongo_id":"bc6bc628-e2a5-4af7-8b7e-4e9aeb792335","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/6\/1446.jpg","photo_position":"above","homepage_title":"","full_issue_title":"MGS Industry plans USD 500 mn US-focussed export push","related_issue":[667409],"teaser":"The expansion will be phased over five years","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/6\/.41464ffc-e400-4c96-86c7-3704bed260f4.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - 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The investment \u2014 which has been in the works since early last year \u2014 will go towards\u2026","rel":"","context":"In &quot;Investment Watch&quot;","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/2\/82.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":555756,"url":"https:\/\/enterpriseam.com\/egypt\/2021\/11\/25\/coca-cola-hbc-to-spend-usd-1-bn-on-egypt-expansion-over-5-years\/","url_meta":{"origin":667423,"position":4},"title":"Coca-Cola HBC to spend USD 1 bn on Egypt expansion over 5 years","author":"enterpriseam admin","date":"25 November 2021","format":false,"excerpt":"Coca-Cola Hellenic Bottling Company (HBC) is looking to invest USD 1 bn in the Egyptian market over the next five years following its acquisition of Coca-Cola Bottling Company of Egypt (CCBCE), CEO Ahmed Afify told PM Moustafa Madbouly yesterday, according to a cabinet statement. The money will go towards building\u2026","rel":"","context":"In &quot;Investment Watch&quot;","block_context":{"text":"Investment Watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/investment-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2021\/11\/599.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]},{"id":545823,"url":"https:\/\/enterpriseam.com\/egypt\/2022\/04\/13\/pylon-closes-usd-19-mn-seed-round\/","url_meta":{"origin":667423,"position":5},"title":"Pylon closes USD 19 mn seed round","author":"enterpriseam admin","date":"13 April 2022","format":false,"excerpt":"Infrastructure management platform Pylon has raised USD 19 mn in a seed funding round led by Endure Capital, Cathexis Ventures, Khwarizmi Ventures, LoftyInc Capital and angel investors, the startup announced in a statement (pdf). The investment includes an unspecified mix of equity and debt and will be used to help\u2026","rel":"","context":"In &quot;Startup watch&quot;","block_context":{"text":"Startup watch","link":"https:\/\/enterpriseam.com\/egypt\/category\/companies\/startup-watch\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/ent.news\/2022\/4\/227.jpg?fit=%2C&ssl=1&resize=350%2C200","width":350,"height":200},"classes":[]}],"_links":{"self":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/667423","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/comments?post=667423"}],"version-history":[{"count":0,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/posts\/667423\/revisions"}],"acf:post":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/issue\/667409"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media\/667424"}],"wp:attachment":[{"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/media?parent=667423"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/categories?post=667423"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/tags?post=667423"},{"taxonomy":"brand","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/brand?post=667423"},{"taxonomy":"newspack_spnsrs_tax","embeddable":true,"href":"https:\/\/enterpriseam.com\/egypt\/wp-json\/wp\/v2\/newspack_spnsrs_tax?post=667423"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}