- August 13, 2024
- Posted by: Ahmed Abed
- Category: 2024, EN
Mr. Waleid Gamal El-Dien, Chairman of the General Authority of the Suez Canal Economic Zone (SCZONE), witnessed the groundbreaking ceremony of the “Eroglu Garment” project for ready-made garments in the Qantara West Industrial Zone in cooperation with the Turkish Eroglu Global Holding Group. The total investment of the project is $ 40 million, and it is located on an area of 64,000 square meters. The project is expected to create about 2,750 jobs after its operation in January 2025. It is planned that there will be future expansions of the project in a second phase on an area of 400,000 square meters. The ceremony was attended by: Major General Pilot; Akram Galal, Governor of Ismailia, Turkish Ambassador in Cairo; Mr. Salih Mutlu Şen, Chairman of Eroglu Holding Group; Mr. Noureddine Eroğlu, SCZONE Chairman Deputies for the Northern Zone, Investment and Promotion, Deputy Governor of Ismailia, Member of the Egyptian Parliament for the Qantara zone, a group of leaders of SCZONE, the Turkish company, and official Egyptian authorities.
This project comes in light of the fruitful and constructive cooperation between SCZONE and the Administrative Control Authority (ACA) to localize industrial projects for a number of companies operating in the Egyptian market that have achieved success and aim to export abroad, which are 151 companies.
“The Eroglu Global Holding project adds a new chapter to Turkish investments within SCZONE, in addition to being the first Turkish project in the Qantara West Zone. The project is also among the first projects to be witnessed in the Qantara Zone after the tireless efforts SCZONE made and is still in developing and equipping its infrastructure, which puts it on the map of promising industrial investments in Egypt. This enhances SCZONE’s competitiveness regionally and globally as a leading industrial and logistics hub, and a preferred destination for investment, as it provides a favorable environment for investment in light of the One-stop shop services through which SCZONE digitizes the services provided to investors.” SCZONE Chairman declared
“The Qantara West Zone enjoys various competitive advantages represented in the availability of trained technical labor and raw materials, which qualifies it to become an industrial edifice in the field of textiles and ready-made garments industry, in addition to integration with the SCZONE’s ports and benefiting from free and international trade agreements that achieve full access to about 2 billion consumers around the world. This project reflects the success of the continuous partnership with the private sector and represents a direct translation of the promotional efforts SCZONE made during the past period, which aimed at attracting investments from major international companies in the sectors targeted for localization in SCZONE’s strategy.” He added
“Eroglu Global Holding Group is proud of the first-of-its-kind cooperation with the Suez Canal Economic Zone, especially in the promising Qantara West Zone, which represents the company’s third investment in Egypt, after its two projects in the cities of Ismailia and Damietta. This project continues a long journey of success that began 41 years ago in Egypt. The project targets exports worth $ 100 million, which represents 70% of the plant’s production volume, and the company directs 30% of its production to meet the needs of the local market. Equipped with state-of-the-art technology including a recovered water treatment system and eco-friendly energy facilities, the factory aims to produce 7 million jeans a year when it reaches full capacity. The project contributes to strengthening economic ties between Egypt and Turkey.” Said the Chairman of Eroglu Global Holding group
