HSBC Egypt backs Hong Kong textile business mission in Cairo

In collaboration with the Hong Kong Trade Development Council (HKTDC), HSBC Egypt hosted a Hong Kong garment and textiles business delegation at its Cairo headquarters to explore partnership opportunities in Egypt’s fast-growing apparel and textile sector, paving the way for 12 leading Hong Kong companies to evaluate investment prospects, supported by Egypt’s strategic location and competitive, skilled workforce.

The session convened industry representatives and officials who outlined Egypt’s macroeconomic landscape, regulatory structure and investor-friendly policies, while underscoring emerging prospects across the value chain, HSBC said in a press release.

HSBC Egypt and HKTDC hosted a Hong Kong textiles delegation in Cairo to explore partnerships in Egypt’s growing apparel sector.
It highlighted Egypt’s strategic export position, trade agreements, integrated supply chain and skilled, cost-effective workforce.
HSBC and HKTDC emphasised strengthening the Egypt-Hong Kong corridor, while industry leaders underscored Egypt’s potential as a manufacturing hub.

Participants also highlighted Egypt’s strategic geographic position as an export hub, the availability of a competitive and skilled labour force, and preferential access to major global markets.

Todd Wilcox, deputy chairman and CEO, HSBC Bank Egypt, said, “Egypt is emerging as an important hub for global trade. It offers investors a strategic export base with multiple trade agreements, and access to key markets in the Middle East, Europe, the US and beyond. Egypt’s garment and textiles sector offers strong potential for international investors supported by skilled and cost-effective workforce which could contribute significantly to job creations.”

“At HSBC Egypt, we leverage our international reach and local expertise to help global businesses understand the market, gain timely insights and make confident investment decisions,” added Wilcox.

“Hong Kong and Egypt hold strong potential for collaboration in the garment and textiles sector. Through this mission, the HKTDC acknowledges the support of HSBC Egypt in helping to connect Hong Kong companies with the emerging opportunities in Egypt’s manufacturing landscape. Our goal is to equip businesses with direct market insights and cultivate partnerships that will strengthen the Egypt-Hong Kong business corridor,” said Iris Wong, director, merchandise trade and innovation and director, external relations, HKTDC.

“Egypt offers a compelling platform for export-oriented production and multiple free trade agreements. The country also benefits from a young workforce of 30 million with competitive wage levels and a suite of Free Zone incentives. With a complete vertically integrated apparel supply chain and a strategic geographical location, Egypt is becoming a key hub in Africa and the Middle East,” said Katherine Fang, mission leader and CEO, Fang Brothers Holdings Limited.

Fibre2Fashion News Desk (SG)