Feedback Here

fbook  tweeter  linkin YouTube
Global contents also translated in Chinese

Denim Rise establishes $8.8 million denim facility in Egypt

  

The company’s new $8.8 million facility in the Qantara West Industrial Zone will create 1,000 jobs and boost SCZONE's textile manufacturing hub.

Turkish garment manufacturer Denim Rise is establishing a factory in Egypt’s Qantara West Industrial Zone, with an investment of $8.8 million. Set to open in H2, 2025, this facility will create 1,000 jobs and export 70 per cent of its production.

The contract was signed by Huseyin Güzel, a board member of Denim Rise, who described the project as ‘a start for further expansions for the company in foreign markets.’

This initiative is part of the Suez Canal Economic Zone's (SCZONE) ongoing development of the Qantara West Industrial Zone. SCZONE has signed contracts for nine such projects in the zone’s first phase, totaling $317.8 million in investments across 777,000 sq m, creating approximately 15,200 job opportunities.

Highlighting Qantara West’s strategic advantages for labor-intensive industries, Waleid Gamal El-Dien, Chairman, SCZONE, says, its proximity to the Suez Canal and Delta regions, along with its location between SCZONE’s ports on the Red Sea and Mediterranean provide investors with seamless access to regional and international markets.

Denim Rise’s expansion coincides with other Turkish investments in the Qantara West Industrial Zone. Last year, SCZONE signed contracts with Turkey’s Eroğlu Global Holding AS to establish a jeans garment factory producing 7.2 million units annually. Eroğlu Holding is also developing a $40 million RMG factory in the zone, which will create over 3,000 jobs.

These projects underline SCZONE’s growing reputation as a hub for textile and garment manufacturing in the region.

 
LATEST TOP NEWS
 


 
MOST POPULAR NEWS
 
VF Logo