With investments of $38 million SCZONE signed contracts for 2 new projects in Qantara West Industrial Zone

Mr. Waleid Gamal El-Dien, Chairman of the General Authority of the Suez Canal Economic Zone (SCZONE), signed today, at SCZONE headquarters in the Administrative Capital, contracts for 2 new projects in the promising Qantara West Industrial Zone, with total investments amounting to $38million, in the fields of food industries and textile, on an area of 137 thousand square meters, providing 1450 job opportunities.

Mr. Waleid Gamal El-Dien signed the contract with the Turkish company “Saray Bisküvi ve Gıda San. A.Ş” project for the food industries, on an area of 45 thousand square meters, with a total investment of $8 million, providing 450 job opportunities, and an export rate of 90% of the total production. The contract was signed by Mr. Kamil Özdağ, a member of the company’s board of directors. Saray Food Industries is one of the companies of the Turkish Saray Holding Group, which operates in the fields of energy, electronics, mechanics, furniture, and food products.

Mr. Waleid Gamal El-Dien also signed the contract for the Chinese company “Kelida” for the manufacture of fabrics and home textiles, which has more than 30 years of experience in this field, with a total investment cost of $30 million, on an area of 92 thousand square meters, providing 1000 direct opportunities, with more than 90% of the total project products to be exported, as the company aims to export to European and American markets. The contract was signed by Mr. Enxiao You, Chairman of the Board of Directors of the company.

” By signing these two contracts, SCZONE has completed 8 contracts from the first phase of projects in the Qantara West Industrial Zone, with total investments exceeding $309 million, on a total area of 751 thousand square meters, providing about 14200 job opportunities. This is a developmental achievement in various aspects, through which we established a world-class industrial center, capable of attracting more investments, providing promising job opportunities, and gaining investors’ confidence quickly. These projects will contribute to developing advanced industries and strengthening the national economy.” Mr. Waleid Gamal El-Dien, Chairman of SCZONE declared.

” Qantara West Industrial Zone is an ideal destination for investors, given its strategic location and proximity to seaports, which supports access to various regional and international markets. SCZONE exerted great efforts to develop the infrastructure of Qantara West Industrial Zone, which facilitates investors in carrying out their business efficiently and effectively.  SCZONE commits to providing all necessary support and facilities to investors, including land, logistical services, and required licenses, to give a distinguished investment experience. The two projects are anticipated to commence operations in the final quarter of 2025” Mr. Waleid Gamal El-Dien, Chairman of SCZONE added