Turkish textile companies' interest in Egypt is growing

In recent years, the interest of the Turkish textile sector in Egypt has been steadily increasing. One of the primary reasons for this interest stands out as the low labor costs in Egypt. According to a report by BirGün newspaper columnist M. Elisaay, there are more than 1,700 Turkish companies operating in Egypt, and more than 200 of them are active in the textile sector.

The labor cost gap between Turkey and Egypt lies behind the shift of Turkish companies toward Egypt. Rising labor costs in Turkey are directing companies toward countries where they can produce at more affordable costs. At this point, Egypt stands out as an attractive alternative for Turkish companies.

Turkish textile companies operating in Egypt gain a competitive advantage thanks to low-cost labor. However, this situation also brings with it debates over labor exploitation. It is noted that while the only thing changing in the factories are the faces of the workers, labor exploitation continues unabated.

The investments of Turkish companies in Egypt also contribute to the strengthening of economic relations between the two countries. However, this situation also indicates that caution must be exercised regarding labor rights and working conditions. The interest of the Turkish textile sector in Egypt seems set to continue in the coming period.

News Source: 12punto