With $35m in investments, SCZONE Chairman signs contract to establish Turkish “Nil Örme” factory for textiles and garments in Qantara West

Mr. Waleid Gamal El-Dien, Chairman of the General Authority of the Suez Canal Economic Zone (SCZONE), signed a contract this morning at the SCZONE’s HQ in the Administrative Capital to establish the Turkish “Nil Örme San. ve Tic. A.Ş” project for manufacturing textiles and garments in SCZONE’s Qantara West Industrial Zone. The project’s investment cost amounts to 35 million USD, covering a total area of approximately 33,000 m². It is expected to create around 2,000 direct job opportunities and aims to export 90% of its production. The contract was signed by Mr. Veli Fatih Özersoy, Chairman of Nil Örme, in the presence of several SCZONE executive leaders and company representatives.

On the sidelines of the contract signing ceremony, Mr. Waleid Gamal El-Dien stated: “SCZONE’s Qantara West Industrial Zone is an integrated regional hub for the textiles, ready-made garments, and accessories industry. To date, SCZONE has signed 34 contracts for projects in this zone, with total investments reaching $859.3 million over a total area of 2,180,400 square meters. These projects are set to provide more than 48,000 direct jobs.”

“These projects target exporting the majority of their output to global markets, leveraging international trade agreements (FTAs) and SCZONE’s unique location as a link between continents. The effective integration between our industrial zones and affiliated ports demonstrates the success of our strategic approach in promoting export industries, deepening local manufacturing, and localizing supply chains in the textile sector—from raw material manufacturing to producing various fabrics and ready-made garments for major international brands,” SCZONE Chairman added.

The SCZONE Chairman further explained: “The availability of trained technical labor and diverse, competitively priced energy sources are key investment incentives, in addition to the world-class infrastructure ready in the Qantara West zone. SCZONE is intensifying its efforts to attract more investments in sectors targeted for localization within our strategy, in line with the state’s objectives of deepening industry and boosting exports. We are also nearing the inauguration of several new projects in the Qantara West zone, including factories and infrastructure projects. Furthermore, I am pleased to announce SCZONE’s intention to conduct its first promotional tour to Turkey by the end of next September to attract further investments in targeted sectors.”