Founded by the late Mohamed Farid Khamis in 1979, the Oriental Weavers group is one of the world's largest carpet and rug manufacturers. The group has manufacturing facilities in the U.S. and Egypt and exports its products to more than 130 countries. In 2023, export revenue increased by 34% year-on-year supported by local currency devaluation, while local sales increased by 31% year-on-year. In November 2023, the group signed an agreement with Amarenco Solarize to operate one of its factories in the Tenth of Ramadan area using solar energy to reduce carbon emissions by 2,300 tons annually.