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Al-Istithmar and Sri Lankan Hirdaramani Expand Egypt Investment
The article discusses the meeting between the General Authority for Investment and the Sri Lankan Hirdaramani Group to enhance its investments in Egypt, as the group aims to transform Egypt into a regional hub for manufacturing and export. The group is one of the largest global companies in the apparel and textiles industry, operating over 30 factories and employing 55,000 workers. Its annual revenues reach up to $1.2 billion, with monthly exports of between 12 and 18.4 million clothing pieces. The Egyptian side expressed support for the expansion plan, emphasizing the importance of increasing local content and strengthening Egypt's integration into global supply chains. Meanwhile, the Sri Lankans highlighted Egypt’s competitive advantages and the group’s eagerness to continue investing to bolster its regional and international presence.
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