Investment and Foreign Trade Minister Mohamed Farid Saleh inspected on Tuesday, September 22, 2026, the DNM textile factory in Damietta as part of a field tour of the governorate under the “Egypt Exports” initiative, reviewing the company’s production activities as well as expansion and export plans.
The company was established in 2010 with $10 million in capital and is fully Turkish-owned, its chairman said. Total investment in the project stands at around $141 million. The factory covers 150,000 square meters and employs about 1,327 workers. The factory produces yarn, textiles and dyed fabrics, with 80% of its output exported.
It also manufactures ready-made garments using fabrics produced at the factory or imported for finishing and dyeing, with 100% of garment production exported. Annual production capacity stands at around 45 million meters. The company’s exports totaled $127.6 million in 2022, $116.9 million in 2023, $120 million in 2024 and around $118 million in 2025, the chairman said.
Farid toured the production lines and reviewed the manufacturing and dyeing processes, stressing the importance of expanding production, increasing value-added output and strengthening access to foreign markets to boost the competitiveness of Egyptian products and exports.
He also reviewed the company’s plans to expand production capacity and strengthen its export capabilities. Egypt, Greece launch Medusa-15 military drill with France, Italy, Cyprus PM witnesses signing of contract to build plant for electric batteries The 12th All Africa University Games (Cairo 2026) Communications Minister witnesses signing of Egypt’s largest data center, Sovereign AI Center Egypt puts food security, rural development at top of national priorities, minister says