# Eroglu Knitting receives $80M financing for $140M textile expansion in Egypt

Commercial International Bank (CIB) provided an $80 million financing package to Eroglu Knitting for a $140 million expansion in West Qantara Industrial Zone, Egypt. The 150,000-square-meter complex will produce 24 million ready-made garments annually for export, with 100% of sales to international markets.

- Type: Expansion
- Announced: 2026-11-06
- Where: West Qantara Industrial Zone, Egypt
- Value: $140.0M
- Status: announced
- Capacity: 24 million garments per year
- Products: ready-made garments
- Sectors: [Industrial Textiles](https://endata.com/sectors/industrial-textiles.md)

## Companies

- [Eroglu Knitting Company](https://endata.com/companies/83156.md)
- [Commercial International Bank](https://endata.com/companies/94969.md) (investor)

## Sources

- [apertiallamisericordia.org](https://apertiallamisericordia.org/article/cib-funds-80m-eroglu-knitting-expansion-in-egypt-boosting-textile-industry-fdi), 2026-11-06: "Commercial International Bank (CIB) announced an $80 million financing package for Eroglu Knitting's expansion"

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Data from Endata (https://endata.com/). Announcements are summarized from public sources and may be incomplete; check the linked originals.