Thailand-based RMG company HiTech Apparel has signed a contract with Egypt's General Authority Suez Canal Economic Zone (SCZONE) to set up a sportswear manufacturing factory in the Qantara West industrial zone, Egypt.
Worth $20 million, the deal marks HiTech Apparel's first venture in both the Middle East and Africa, and is poised to create approximately 1,500 employment opportunities within the region.
Walid Gamal, Chairman, SCZONE, emphasised, this collaboration is a testament to the remarkable success of SCZONE's promotional efforts in recent times. The zone aims to establish a global clothing and textiles complex within the thriving, Ismailia industrial zone in Qantara West. The region has already attracted investments from diverse countries across a wide range of industries, with the textile and clothing sector at the forefront.
Both SCZONE and HiTech Apparel aim to accelerate the project to commence construction in the latter half of this year. The sportswear factory is slated to be operational in the second half of 2025.
