In a $7 million deal signed between Egypt's Suez Canal Economic Zone (SCZONE) and China's Shaoxing BEIQI Textile Co, both the companies plan to establish a RMG manufacturing plant in the West Qantara Industrial Zone.
The plant will be set up across 16,000 sq m and generate 3,000 direct jobs. The facility will produce over 10 million garments annually, with 90 per cent slated for export and 10 per cent for the domestic market. This move highlights West Qantara's growing appeal for export-driven industries, particularly in the textile and garment sectors, according to media reports.
With the addition of this project, the West Qantara Industrial Zone now boasts 21 initiatives, representing a total investment of $603.5 million and creating over 30,600 direct jobs.
The zone's prime location, robust logistics infrastructure, and comprehensive support services make it an ideal hub for labor-intensive industries like textiles, boosting its competitive standing in the market.
