With Investments of $130 Million..SCZONE Signs Contract with China’s “EVERFAR” for Major Textile and Garment Facility in Qantara West Industrial Zone

Mr. Waleid Gamal El-Dien, Chairman of the General Authority for the Suez Canal Economic Zone (SCZONE), witnessed today the signing of a new investment agreement with EVERFAR Textile Egypt LLC, a subsidiary of a leading Chinese industrial group specializing in textiles, ready-made garments, and garment accessories. The project will be established within the Qantara West Industrial Zone, covering a total area of 145,000 square meters, with investments totaling $130 million (approximately EGP 6.3 billion), and is expected to generate over 3,200 direct job opportunities. The facility will dedicate 100% of its output for export.

The new facility is designed as an integrated manufacturing hub that will produce more than 7.5 million tons of processed fabrics, along with over 20 million meters of garment fabric, 3.6 million pieces of garments, and large quantities of garment accessories. The production process will utilize state-of-the-art technologies and adhere to global standards in production lines. The agreement was signed by Mr. Lu Jiaosheng, the company’s legal representative.

“This new project by EVERFAR represents one of the largest textiles and garment manufacturing ventures signed within SCZONE. It strengthens Qantara West’s position as an attractive industrial platform for investors in this vital sector. The integrated production approach, from spinning and weaving to dyeing, finishing, and manufacturing, embodies the industrial integration model we strive for.” Mr. Waleid Gamal El-Dien, Chairman of SCZONE, declared.

“Dedicating the entire production for export reflects the confidence international investors place in SCZONE and aligns perfectly with our strategy to enhance export volumes and local added value. This project also strengthens regional supply chains and serves several global brands. With the signing of this agreement, the total number of contracted projects in Qantara West Industrial Zone now stands at 35, with cumulative investments reaching approximately $989.3 million, providing more than 51,205 direct job opportunities, on an area of 2,325,400 square meters. This milestone further reinforces SCZONE’s strategy of industrial integration and its commitment to economic development.” Mr. Waleid Gamal El-Dien, Chairman of SCZONE, added.

It is worth noting that EVERFAR serves as the investment and trading arm of a leading Chinese industrial group in the textile and garment sector. The company operates as a fully integrated supplier covering all stages of production, from spinning to garment manufacturing. It has established several advanced technology centers, owns world-class production lines, and distributes its products across global markets.