- July 14, 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), and Major General Pilot Mr. Akram Galal, Governor of Ismailia, witnessed the groundbreaking ceremony and handing over the land of the project of the Chinese company Zhejiang Hengsheng for dyeing, processing and printing fabrics and textiles, in the Qantara West industrial zone. The $70 million factory is located on a total area of 200,000 square meters in two phases, with 100,000 square meters per phase, and provides about 1,500 direct jobs. The ceremony was attended by: Mr. Chen Song Fu, President of Hengcheng Company, SCZONE Deputy for the Northern Zone, and SCZONE Deputy for Investment and Promotion, the Deputy Governor of Ismailia, representatives of the Chinese Embassy, several representatives of Chinese companies operating in SCZONE, a member of the Egyptian Parliament from Qantara, and a representative of the Egyptian Commercial Service.
“SCZONE is moving steadily towards attracting investment in the targeted industrial sectors. SCZONE intends to diversify these investments to include all four affiliated industrial zones in Sokhna, East Port Said, Qantara West, and East Ismailia. Hengcheng’s project in the textile sector is the first project in the Qantara West Industrial Zone which SCZONE aims to turn into a castle for the garment and textile industry in Egypt. Through SCZONE’s success in attracting about 15 companies so far, interested in investing in the Qantara West zone, including 6 companies that have signed final contracts for their projects, two companies yet to sign, in addition to 7 other companies that are completing their procedures. Once implemented, these projects will create about 18,000 job opportunities, achieving economic sustainability for the Qantara West, where 80% of these companies’ production is targeted to export to international markets, which achieves the Egyptian state’s vision of developing exports.” SCZONE Chairman declared during the ceremony
“SCZONE’s success in attracting investments comes as a result of active promotional tours to many countries of the world. In addition, SCZONE has massively invested in infrastructure and utilities, especially in the Qantara West zone, to improve the land and implement all utility works there. The Qantara West Industrial Zone is geographically located in the heart of SCZONE. This allows the production to be exported through the ports of East and West Port Said in the north, or the port of Sokhna in the south. We are heartfully grateful to all those who support the success of the work within the Qantara West Zone, whether Ismailia Governorate or the companies working on the development of the Zone and the implementation of infrastructure works, as well as companies interested in investing in the Zone, foremost of which is Hengcheng Company. We are pleased to announce that production of the first phase of the Hengcheng project is planned to start in the first half of 2026.” Added Mr. Waleid Gamal El-Dien
“I would like to express my happiness at laying the foundation stone for the Hengcheng project as the first project in the Qantara West Zone within SCZONE. We appreciate SCZONE’s efforts to start implementing the project to meet the needs of the local market and provide world-class quality products. The company has received wide support from all official entities in Egypt, in light of the strategic relations between Egypt and China. The company seeks to exploit its extensive experience and advanced technology in dyeing, printing, and processing fabrics and garments. The company plans to rely mainly on trained Egyptian labor within the project. It targets annual sales of $300 million.” Said Mr. Chen Song Fu
Zhejiang Hengsheng Dyeing & Finishing Co. Ltd was established in 2000. It is one of the largest textile manufacturing, dyeing and processing companies in China. It is headquartered in the National Textile City of China, Zhejiang State. The company has 9 different factories under the umbrella of two companies within China with supply contracts with many well-known local and international brands such as Ikea, Nike, Adidas, Armani, and others.
