SCZONE receives several Turkish companies to discuss aspects of cooperation in ready-made garments field

Mr. Waleid Gamal El-Dien, Chairman of the General Authority of the Suez Canal Economic Zone (SCZONE), received a delegation of several Turkish companies working in the field of ready-made garments and sportswear for a group of global brands. Their production is distributed in several CIS countries, Turkey, and the Middle East countries, in light of the recent strengthening of economic bilateral cooperation between the two countries. The delegation included the directors of Slazenger, FM Tekstil, Canlioglu, Groppa, and LeFaxx Jeans companies.

 “SCZONE with its capabilities and strategic location, provides many investment opportunities, through 4 industrial zones that represent the best destination for any expansions linked to various global markets due to its ability to accommodate various industrial sectors and its integration with logistical zones and 6 ports on the Red Sea and the Mediterranean Sea, which ensures ease and convenience in the movement of trade. SCZONE enjoys several financial and non-financial incentives, in addition to free trade agreements that allow access to various regional and global markets, the availability of energy sources, and trained technical labor at competitive prices that reduce the cost of operation and production.” Mr. Waleid Gamal El-Dien, Chairman of SCZONE declared.

“The partnership between SCZONE and Turkish investments has achieved on-ground success stories represented by one of the largest factories for health products made of non-woven fabrics in the Sokhna Industrial Zone. This partnership extended to the ready-made garment industry, as two contracts were signed for two projects to manufacture ready-made garments. The foundation stone for one of these projects, “Eroglu Garment,” was inaugurated last month with a total investment of $40 million, on an area of ​​64 thousand square meters. It is planned that there will be future expansions of the project in a second phase on an area of ​​400 thousand square meters, in the promising Qantara West Industrial Zone, which is being prepared to be one of the most important clothing manufacturing strongholds in the world.” Mr. Waleid Gamal El-Dien, Chairman of SCZONE added.

“We appreciate this warm reception. Our visit targets collecting all information about the possibility of cooperation with SCZONE and the available investment incentives to establish several Manufacturing facilities for the delegation companies in the Qantara West Industrial Zone.” Mr. Ayhan Canlioglu, Director of Canlioglu Company said.

After the meeting, the delegation went on a scouting tour of the Qantara West Industrial Zone to inspect the possibility of establishing Manufacturing facilities for these companies, and to see similar projects being established in the same industrial zone.