With $28 Million Investments..SCZONE Chairman Inks Two New Projects in Qantara West Industrial Zone for Textile Industries

Today, Mr. Waleid Gamal El-Dien, Chairman of the General Authority for the Suez Canal Economic Zone (SCZONE), signed contracts for two new projects in the Qantara West Industrial Zone, with total investments amounting to $28 million. These projects focus on textile manufacturing, printing, and dyeing. The projects will cover 100,000 square meters, providing 800 direct job opportunities.

Mr. Waleid Gamal El-Dien signed the contract for the Changzhou Kingcason Printing & Dyeing Co. Ltd, a Chinese company specializing in textile yarn manufacturing, fabric production, dyeing, printing, knitting, and design. The project will be established on a 60,000-square-meter plot with total investments of $24.5 million, creating 500 direct job opportunities. The entire production output will be exported, and the contract was signed by Mrs. Yimei Zhou, the company’s managing director.

Additionally, Mr. Waleid Gamal El-Dien signed the contract for Shanghai Honour Home Textile, a Chinese company specializing in home textiles and fabrics, in partnership with its UAE-based subsidiary, Home Hub Textile. The project will have a total investment of $3.5 million, spanning 40,000 square meters, and will create 300 direct job opportunities, with 100% of the production dedicated to export. The contract was signed by Mr. Ming Yang, the managing director of the company.

*”With today’s contract signings, SCZONE has finalized contracts for 14 projects in the Qantara West Industrial Zone, totaling $542.3 million in investments over 20 months. This achievement marks a significant development milestone. I extend my deep appreciation to the investors and manufacturers who have chosen Qantara West Industrial Zone as the destination for their businesses. This fruitful collaboration will drive a qualitative shift in Egypt’s textile and apparel sector.” Mr. Waleid Gamal El-Dien, chairman of SCZONE declared.*

*”These new textile projects reflect our ongoing commitment to attracting investments, localizing key industries, and creating sustainable job opportunities for Egyptian citizens. The textile sector is one of the most vital industries, not only for its role in enhancing Egypt’s exports but also for the extensive employment opportunities it generates. In line with this SCZONE continues to develop integrated industrial complexes that provide a modern business environment, advanced infrastructure, and comprehensive logistical services, enabling manufacturers and investors to achieve the highest levels of productivity and quality.” Mr. Waleid Gamal El-Dien added.*