- March 3, 2025
- Posted by: Ahmed Abed
- Category: 2024, EN
This morning, at the headquarters of the General Authority for the Suez Canal Economic Zone (SCZONE) in the New Administrative Capital, Mr. Waleid Gamal El-Dien, Chairman of SCZONE, signed a contract for the Chinese company Gold Star Fashion, a specialist in fashion design and garment manufacturing. The company aims to produce high-quality fashion products at competitive prices. The total investment cost of the project amounts to $4.5 million, covering an area of 23,000 square meters within Qantara West Industrial Zone, and is expected to create 2,000 job opportunities. Additionally, 100% of the production will be exported to international markets. The contract was signed by Mr. Han ShiQin, Chairman of the company.
*”Over the past 20 months, Qantara West Industrial Zone has successfully established itself as the new global destination for the textile and ready-made garment industry. So far, it has attracted 15 projects. These achievements reflect the success of SCZONE’s promotional strategy in attracting investments and achieving sustainable industrial development by creating integrated industrial complexes.” Mr. Waleid Gamal El-Dien, chairman of SCZONE stated.*
*”This project is a significant addition to Qantara West Industrial Zone, demonstrating its attractiveness to foreign investors, particularly in the ready-made garment sector. SCZONE is committed to fostering a favorable investment environment by offering all necessary facilities to investors, thereby supporting the national economy and increasing job opportunities. This project alone will create 2,000 new jobs, with its entire production exported to global markets. This aligns with SCZONE’s vision to enhance exports and increase the added value of local industries.” Mr. Waleid Gamal El-Dien added*
*”Gold Star Fashion has launched the ambitious GT Fashion Egypt project in Qantara West Industrial Zone, as part of its global expansion strategy. As a vertically integrated company, Gold Star Fashion covers design, production, and export, enabling it to serve key markets in China, the United States, Europe, and the Middle East. This project not only underscores Gold Star Fashion’s commitment to expanding its global footprint but also reflects its dedication to supporting economic development and creating job opportunities in the communities where it operates. GT Fashion Egypt is expected to become a major hub for the company’s operations in Africa and the Middle East, strengthening its position as a leading global provider in the fashion sector.” Mr. Han ShiQin said.*
Notably, the textile and garment manufacturing projects in Qantara West Industrial Zone, affiliated with SCZONE, have reached 12 projects, forming an integrated industrial complex that includes the design, spinning, production, printing, and dyeing of garments and textiles, in addition to a luggage manufacturing project. The export rate of these projects ranges between 90% and 100% of total production, positioning Qantara West Industrial Zone as a global industrial hub capable of meeting the needs of various regional and international markets in this sector.
