Egyptian Minister of Investment and Foreign Trade, Dr. Mohamed Farid Saleh, recently visited the DNM textile factory in Damietta. The visit was part of his tour in the governorate as part of the "Egypt Launches Exports" initiative. During the visit, Dr. Saleh inspected the factory's production activities and expansion plans to increase exports. He was briefed on the company's performance by its chairman.
DNM was established in 2010 with a capital of $10 million, fully funded by Turkish investors. The project has an investment cost of $141 million and covers an area of 150,000 square meters. The factory employs approximately 1,327 workers. The company's activities include spinning, weaving, dyeing, and exporting 80% of its production. It also manufactures ready-made clothing from its own fabrics or imported materials for finishing and dyeing, with 100% of this production being exported.
The factory has a production capacity of 45 million meters per year. The company's exports have shown steady growth, reaching $127.6 million in 2022, $116.9 million in 2023, $120 million in 2024, and $118 million in 2025. Dr. Saleh emphasized the importance of continuing to expand production, increasing added value, and enhancing access to foreign markets. This, he believes, will help increase the competitiveness of Egyptian products and boost exports.
During his tour, Dr. Saleh inspected the production lines and stages of yarn and fabric manufacturing, as well as the dyeing process. He expressed his satisfaction with the company's performance and its contribution to the Egyptian economy. The minister also discussed the company's future plans to expand and increase its production capacity, which will enhance its export capabilities.
The DNM factory in Damietta is one of the largest textile factories in Egypt, and its expansion is expected to have a positive impact on the local economy. The factory's growth will create new job opportunities and contribute to the country's economic development. Dr. Saleh's visit demonstrates the government's commitment to supporting and promoting investment in various sectors, particularly in the textile industry.
The Egyptian government has been implementing various initiatives to boost exports and attract foreign investment. The "Egypt Launches Exports" initiative aims to promote Egyptian products and increase their competitiveness in the global market. Dr. Saleh's visit to the DNM factory is part of these efforts, as the government seeks to support companies that have the potential to increase their exports and contribute to the country's economic growth.
The minister's visit to the DNM factory highlights the importance of the textile industry in Egypt's economy. The industry is one of the largest employers in the country and has significant potential for growth and development. With the right support and investment, Egyptian textile companies like DNM can increase their exports and become more competitive in the global market.
Key points
- The DNM factory has a production capacity of 45 million meters per year and employs approximately 1,327 workers.
- The company's exports have shown steady growth, reaching $127.6 million in 2022 and $118 million in 2025.
- The Egyptian government is committed to supporting and promoting investment in various sectors, particularly in the textile industry.
