Led by Walid Gamal El-Din, Chairman, Suez Canal Economic Zone (SCZONE) has signed three significant contracts with leading Chinese textile and ready-made garment companies, attracting approximately $52.6 million (EGP 2.58 billion) in new investments.
These projects are projected to generate around 3,500 direct job opportunities in Egypt. One of these new agreements is with a major Chinese firm and certified global supplier, Changzhou East Noah Printing and Dyeing Co to establish an integrated textile factory on an 80,000 sq m in the Qantara West Industrial Zone.
This $20 million self-financed project will cover spinning, weaving, and fabric production, creating around 1,000 direct jobs. The factory will produce home textiles like blankets and bed linens, with a daily capacity of 80 tons and an annual output of up to 8 million finished items. Notably, 90 per cent of its production is earmarked for export, with the remainder for the local market.
A second contract was signed with Changzhou Golden Spring Textile Co, an integrated textile player exporting to over 40 countries. This company will invest $24 million (fully self-financed) in an 85,000 sq m factory, also in Qantara West, focusing on luxury textiles and home furnishings. This project is expected to create another 1,000 direct jobs. With an annual capacity of 15,800 tons of fabrics and 2 million finished textile products, 90 per cent of its output, including blankets and bed linen sets, will be exported to the Middle East, North Africa, Europe, and the Americas.
The third agreement involves establishing an $8.6 million (self-financed) RMG factory on 40,000 sq m in Qantara by a Soho Holdings Group-company, Jiangsu Sainty Corporation. This project is set to create approximately 1,500 direct jobs, with 100 per cent of its production dedicated to export markets, leveraging the company's four decades of experience exporting to about 100 countries worldwide.
These agreements underscore SCZONE's successful collaboration with the Chinese business community, a crucial strategic partner, highlights Gamal El-Din. The latest contracts bring the total number of Chinese projects in the Qantara West Industrial Zone to 18.
With three new additions, the Qantara West Industrial Zone now boasts 28 contracted projects, representing total investments of approximately $734.1 million. These projects span nearly 1.8 million sq m and are projected to create 38,455 direct job opportunities, reinforcing SCZONE's growing role as a leading industrial hub that supports Egypt's ambition to strengthen its global position in textiles and ready-made garments.
