Textile Giant Lutai to Build USD 385 Million Factory in Egypt

The General Authority for Investment and Free Zones (GAFI) announced that Lutai Group, the world’s largest dyed fabrics and shirts producer, will establish its first factory in Egypt. The USD 385 million facility will span 500,000 square meters and boost Egypt’s position in the global textile industry.

The factory will create an entire supply chain in Egypt, from yarn production to garment manufacturing. 100% of the output is for export, which aligns with Egypt’s strategy to attract foreign export-focused investments.

Lutai’s Global Marketing Director, Liu Deming, praised Egypt’s stable economy, skilled workforce, and strong ties with China as key factors in the investment decision.

Hossam Heiba, GAFI’s CEO, confirmed Lutai’s eligibility for maximum incentives under the Investment Law and the Golden License, which streamlines operational approvals within 20 working days.