With total investments amounting to $52.6 million…SCZONE Chairman signs 3 new industrial project agreements in the textile sector during his promotional roadshow in China

Mr. Waleid Gamal El-Dien, Chairman of the General Authority for the Suez Canal Economic Zone (SCZONE), signed three new project agreements today with Chinese companies specialized in the textile and ready-made garments industries, with total investments worth approximately $52.6 million (equivalent to EGP 2.58 billion). These projects are expected to generate 3,500 direct job opportunities. The signing took place in Nanjing, Jiangsu Province, as part of SCZONE’s promotional roadshow across several Chinese provinces aimed at strengthening industrial cooperation and attracting more direct Chinese investments into priority sectors within SCZONE.

Mr. Waleid Gamal El-Dien signed an agreement to establish an integrated textile factory in Qantara West Industrial Zone with Changzhou East Noah Printing and Dyeing Co., Ltd, one of the leading Chinese companies in textile printing, dyeing, and finishing, and a trusted supplier to major global brands. The project will be built on an area of 80,000 square meters within the section allocated for spinning, weaving, and textile projects, with $20 million in fully self-financed investments, and is expected to provide 1,000 direct job opportunities. The factory will include all stages of textile production, from ultra-fine polyester yarns to weaving, printing, dyeing, and final finishing, producing home textiles such as blankets, bed sets, and quilts. The factory’s capacity will reach 80 tons per day and up to 8 million home textile pieces annually, with 90% of production allocated for export and 10% for the local market. The agreement was signed by Mr. Jiandong She, Legal Representative and General Manager of the company.

Mr. Waleid Gamal El-Dien also signed an agreement with Changzhou Golden Spring Textile Co., Ltd, one of the most prominent integrated textile companies in China. The company exports its products to over 40 countries and owns trademark in more than 20 international markets. The project aims to establish a factory for the production of premium and home textiles in Qantara West Industrial Zone, on an area of 85,000 square meters, with an investment of $24 million, fully self-financed, and is expected to provide an additional 1,000 direct job opportunities. The factory will produce blankets, bed linen sets, and padded quilts, with an annual capacity of 15,800 tons of fabric and 2 million finished sets, of which 90% will be exported to markets in the Middle East, North Africa, Europe, and the Americas, while 10% will serve the local market. The agreement was signed by Mr. Xu Peng, Legal Representative and General Manager of the company.

The third agreement was signed with Jiangsu Sainty Corporation Ltd., a subsidiary of SOHO Holding Group, to establish a ready-made garments factory in Qantara West Industrial Zone. The factory will be built on an area of 40,000 square meters, with investments of $8.6 million, fully self-financed. The project is expected to create 1,500 direct job opportunities and will dedicate 100% of its production for export. Jiangsu Sainty boasts over four decades of experience in garment manufacturing and exports its products to around 100 countries, including the United States, the European Union, and Canada. The agreement was signed by Mr. Jiang Ming, Deputy General Manager and authorized representative of the company.

“The signing of these three projects comes as part of our ongoing fruitful cooperation with the Chinese business community, one of SCZONE’s strategic partners in achieving its development objectives. With these new agreements, the number of Chinese projects in Qantara West Industrial Zone has increased to 18. The textile sector is considered one of SCZONE’s top priority industries due to its high potential for integration with auxiliary industries and its labor-intensive nature. For this reason, SCZONE has allocated a dedicated area within Qantara West for textile-related activities. Attracting such specialized industrial investments reflects SCZONE’s success in cultivating an enabling investment environment based on international partnerships and industrial integration, supporting Egypt’s strategy to enhance local manufacturing and increase exports.” Mr. Waleid Gamal El-Dien, Chairman of SCZONE, declared. It is worth noting that with the signing of these three projects, the total number of contracted projects in Qantara West Industrial Zone has reached 28, with total investments of approximately $734.1 million, over a total area of 1,794,400 square meters, creating 38,455 direct job opportunities. This milestone reinforces SCZONE’s position as a promising industrial hub capable of driving Egypt’s global leadership in the textile and ready-made garments sector.