Syed Fasihuddin Bukhari, Representative, Interloop Group has signed an agreement with Walid Gamal El-Din, Chairman, Suez Canal Economic Zone (SCZONE) to set up a ready-made garment manufacturing facility in the Qantara West Industrial Zone.
The deal covers a 60,000-sq-m plot with an investment of $35.2 million (EGP 1.67 billion). The new plant will create more than 1,000 direct jobs and will export its entire production to foreign markets - highlighting the SCZONE’s growing importance as a hub for apparel manufacturing and international trade.
Gamal El-Din says, the Interloop project is the first industrial investment from Pakistan in the SCZONE, marking a major step in strengthening industrial cooperation between the two countries.
He emphasizes, the project reinforces Qantara West's standing as one of the most promising global destinations for apparel and accessories manufacturing, thanks to its strong appeal to investors and a fully integrated industrial ecosystem.
Interloop’s decision to dedicate all production for export shows foreign investors’ confidence in the competitive environment of the SCZONE, notes Gamal El-Din. The project will not only support Egypt’s export growth but also boost the zone’s contribution to global supply chains in the ready-made garment industry, he adds.
With this agreement, the total number of projects in the Qantara West Industrial Zone has now reached 39, with total investments of about $1.0435 billion. These projects collectively provide almost 55,700 direct jobs across a total area of 2.44 million square meters.
Founded in Pakistan in 1992, Interloop Group has become one of the world’s top textile and apparel manufacturers, producing socks for global brands as well as denim and sportswear. The company currently operates in six countries including Pakistan, the United States, the Netherlands, Sri Lanka, China, and Japan.
