إنشاء مشروع صناعي جديد باستثمارات 100 مليون دولار

Establishing a New Industrial Project with Investments of $100 Million

The General Authority of the Suez Canal Economic Zone (SCZONE) announced the signing of a new investment contract with a Chinese company to establish an integrated spinning and textile industrial complex within the Qantara West Industrial Zone.

The project will be developed on an area of approximately 300,000 square meters, with total investments reaching $100 million, fully financed through self-funding without any external financing.

Project Implementation Details

According to the official statement issued by the General Authority of the Suez Canal Economic Zone, the project will be implemented in three consecutive phases, ensuring gradual operation and increasing production capacity in line with a defined timeline.

Industrial Complex Activities

The industrial complex will include a fully integrated range of activities within the spinning and textile sector, most notably:

1. Spinning and weaving

2. Manufacturing of ready-made garments and sportswear

3. Production of seamless garments

4. Socks and accessories manufacturing

5. Rubber textiles

6. Dyeing and finishing

Target Markets

The project aims to export approximately 90% of its production to international markets, while 10% will be allocated to the local market, supporting Egyptian exports and strengthening the presence of locally manufactured products in global markets.

Employment Opportunities

Upon reaching full operational capacity, the project is expected to create around 6,000 direct job opportunities, contributing significantly to employment growth and industrial development in the region.

Statements by the Authority’s Chairman

In this context, the Chairman of the General Authority of the Suez Canal Economic Zone stated that the project represents a qualitative industrial addition to the spinning and textile sector, especially as the company is considered one of the largest global entities specializing in seamless garments and sportswear manufacturing.

He also emphasized that the company’s ownership of a fully integrated production chain provides a strong competitive advantage in terms of product quality and production efficiency.

Qantara West Industrial Zone | A Ready and Attractive Investment Destination

The Chairman further explained that the selection of Qantara West Industrial Zone was based on several key advantages, including:

1. Full investment readiness

2. Advanced infrastructure

3. Competitive operating costs

In addition to its strategic location near Mediterranean and Red Sea ports, which enhances access to global markets and supports export activities.

He added that the total number of operational projects within the zone has now reached 48 projects, spread across a total area of approximately 3.3 million square meters, with total investments of around $1.325 billion.

These projects collectively provide approximately 69,665 direct job opportunities, highlighting the pivotal role of Qantara West Industrial Zone in supporting industrial development, attracting investments, and creating employment opportunities.

A Strategic Opportunity for Local Manufacturing and Export

You now have a significant opportunity to invest in local manufacturing and export-oriented industries.
Contact us today and speak with one of our expert consultants to start your industrial project with confidence and strategic insight.