With $22.6 m investments, SCZONE Chairman signs the contract for the establishment of the “Changzhou RAMADA” factory for the textile industry in Qantara West

Mr. Waleid Gamal El-Dien, Chairman of the General Authority of the Suez Canal Economic Zone, signed this morning, at SCZONE’s HQ in the New Administrative Capital, the contract for the construction of the Chinese “Changzhou RAMADA” project for the manufacture of textiles for home fabrics and garments, in the West Industrial Zone. The project’s investment cost is $22.6 million. It is situated on an area of 80,000 m² and provides 1,500 direct job opportunities. The annual production capacity reaches 5,000 tons of fabrics, 4 million sets of bed linen and 1 million sets of car carpets. The contract was signed by Mr. Fan Yun, Chairman of Changzhou Ramada, in the presence of some executive leaders of SCZONE and representatives of the Chinese company.

SCZONE Chairman, stated on the sidelines of a contract signing ceremony: “SCZONE is preparing the West Qantara Industrial Zone to be an integrated industrial hub for the textiles, ready-made garments, and accessories sector. So far, we have successfully signed 32 contracts for projects in West Qantara, with total investments exceeding $822.2 million over a total area of approximately 2,097,400 square meters. These projects are expected to create 45,600 direct jobs.”

“Almost all the projects currently in Qantara West Zone target exporting the majority of their production to global markets, leveraging SCZONE’s unique location as a connection hub between the world’s continents, especially with the integration between industrial zones and seaports. This underscores the success of the strategic approach adopted by SCZONE to promote export industries and deepen local manufacturing. It also aims to localize supply chains in the spinning and weaving sector, starting from raw material production to manufacturing various types of fabrics and ready-made garments for major international brands.” Added H.E. Waleid Gamal El-Dien

SCZONE chairman further explained: “SCZONE continues to intensify its efforts to attract more investments in the target sectors outlined in its strategic vision. This will achieve the state’s goals of deepening industrialization and boosting exports. We are nearing the opening of several projects in the West Qantara region, including new factories and infrastructure projects that support the zone’s readiness. This is in addition to the availability of trained labor and the attractive incentives offered by SCZONE to support its success partners, the investors. The stability of the political and economic conditions in Egypt has significantly boosted investor confidence, making SCZONE a preferred investment destination.”

It is worth noting that Changzhou RAMADA, a Chinese textile company, was founded in 2016 in Jiangsu Province. It is a specialized company with an integrated industrial chain that combines raw materials such as polyester yarn, weaving, yarn weaving for grey fabrics, fabric weaving, pre-finishing, printing, dyeing, post-finishing, ready-made blankets, ready-made carpets, ready-made quilts, bathrobes, and polished fabrics. The company independently conducts research and development, design, production, and sales of home textile products. It produces more than 10 different home textile fabrics and over 80 clothing fabric products.