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CIB provides $80m financing agreement for Eroglu Knitting's expansion in Egypt.
Sep 26, 2026
Contract Type
agreement
EgyptManufacturingFashionTextiles
Description
Commercial International Bank has signed a financing agreement to provide an $80m package for the expansion of the Eroglu Knitting project. This initiative supports Egypt's textile industry and aims to create over 4,500 jobs through one of the country’s largest industrial complexes.
Company Information
Company
Eroglu Knitting
Location
Egypt
About
Eroglu Knitting is a subsidiary of Turkey’s Eroglu Global Holding. The company specializes in textile manufacturing and aims to become a preferred business partner for leading global brands. It offers fully integrated manufacturing capabilities, ranging from raw cotton processing to ready-made garments. Eroglu Knitting targets significant annual production capacities and is committed to export.
Predictive Intelligence
Strategic
ML-powered predictions for Eroglu Knitting's next move
EgyptManufacturingFashionTextiles