Egyptian Minister of Investment and Foreign Trade, Dr. Mohamed Farid Saleh, recently visited the DNMT textile factory in Damietta as part of his field trip to the province. The visit was conducted under the "Egypt Launches Exports" initiative to monitor production activities and the company's plans for expansion and increasing exports. During the tour, the minister was briefed on the company's activities and its future plans.
DNMT was established in 2010 with a capital of $10 million, fully owned by Turkish investors. The company's total investment in the project amounts to approximately $141 million. The factory spans 150,000 square meters and employs around 1,327 workers. The facility is involved in spinning, weaving, dyeing, and exporting 80% of its production. Additionally, it manufactures ready-made clothing from either its own fabrics or imported materials for finishing and dyeing, with 100% of its clothing production being exported.
The factory has a production capacity of about 45 million meters per year. In terms of exports, DNMT reported $127.6 million in 2022, $116.9 million in 2023, $120 million in 2024, and $118 million in 2025. These figures highlight the company's significant contribution to Egypt's export sector. The minister's visit also included inspecting production lines and stages of yarn, fabric, and dyeing manufacturing.
During his visit, Dr. Saleh emphasized the importance of continued expansion in production, increasing added value, and enhancing the penetration of Egyptian products into foreign markets. This, he noted, would help boost the competitiveness of Egyptian products and support export growth. The minister's tour concluded with a review of the company's future plans for expansion, increasing production capacity, and strengthening its export capabilities.
The DNMT factory in Damietta is a significant investment in Egypt's textile sector, contributing to the country's economic growth and employment. With its substantial production capacity and export figures, the company plays a vital role in Egypt's industrial and export landscape. The investment in the factory also reflects the confidence of foreign investors in Egypt's economy and its potential for growth.
Egypt's textile industry has been a key sector in the country's economy, with a long history of production and export. The government's efforts to support and promote the industry are crucial in driving economic growth and job creation. The "Egypt Launches Exports" initiative aims to boost exports and attract foreign investment, which is essential for the country's economic development.
The visit by Dr. Saleh to the DNMT factory demonstrates the government's commitment to supporting industrial projects and promoting export-oriented industries. The minister's engagement with the company's management and workers highlights the importance of collaboration between the public and private sectors in driving economic growth and development.
Key points
- The DNMT factory has a production capacity of 45 million meters per year and employs around 1,327 workers.
- The company's exports totaled $118 million in 2025, contributing significantly to Egypt's export sector.
- The Egyptian government is promoting the textile industry through initiatives like "Egypt Launches Exports" to boost exports and attract foreign investment.
