- November 20, 2024
- Posted by: Ahmed Abed
- Category: 2024, EN
Mr. Waleid Gamal El-Dien, Chairman of the General Authority for the Suez Canal Economic Zone (SCZONE), witnessed the foundation stone laying ceremony for the ‘Eroglu Egypt Readymade Garments’ project in the Qantara West Industrial Zone, in cooperation with the Turkish Eroglu Holding Company. The total investment of the project after expansion will reach 51 million dollars, and it is located on a total area estimated at about 84.2 thousand square kilometers. The project is expected to provide about 5,000 job opportunities after its operation.
The ceremony was attended by: Major General Pilot Akram Galal, Governor of Ismailia, the Turkish Ambassador to Cairo, Mr. Salih Mutlu Şen, the Chairman of Eroglu S.C. Readymade Garment Group, Mr. Sahin Eroglu, and Mr. Ummet Eroglu, Vice Chairman of Eroglu Holding Company, Mr. Mustafa Denzir, representative of the Turkish Foreign Economic Relations Board (DEIK), and SCZONE Deputies for the Northern Zone, Investment and Promotion, and a group of SCZONE leaders and Turkish businessmen.
“The Qantara West zone enjoys various competitive advantages represented in the availability of trained technical workers and raw materials, which qualifies it to become a global industrial entity in the field of textile and ready-made clothing industry, as well as food industries, and work is underway to open a project in this field soon. In addition to integrating with the SCZONE’s ports and benefiting from free and international trade agreements that achieve full access to about two billion consumers around the world. This project reflects the success of the ongoing partnership with the private sector and represents a direct translation of the promotional efforts SCZONE exerted during the past two years, which aimed to attract investments from major international companies in the sectors targeted for localization according to SCZONE’s strategy. We affirm our pride in laying the foundation stone for the third project in the Qantara West zone within less than 4 months. SCZONE is working to create an integrated community within the Qantara West zone in cooperation with Egyptian official institutions, to provide various means of life, including commercial centers, bank branches, and other requirements for business success in the zone.” SCZONE Chairman declared
“The Eroglu Egypt Readymade Garment Company project is the second Turkish project in the Qantara West zone, and it is also among the first projects in the Qantara zone after the great efforts that SCZONE has made and is still making in developing it and equipping its infrastructure. This contributed to placing the Qantara west zone on the map of promising industrial investments in Egypt. It also enhances the competitiveness of SCZONE regionally and globally as a leading industrial and logistics hub and a preferred destination for investment, with the conducive environment it provides for investment with the support of the economic reforms that Egypt was able to achieve under the leadership of President Abdel Fattah El-Sisi. This was reflected in attracting foreign investments within SCZONE, restoring investor confidence, and raising the competitiveness and efficiency of the business climate.” Added Mr. Waleid Gamal El-Dien
“I’m glad to cooperate with the Suez Canal Economic Zone to establish the Eroglu Egypt ready-made clothing project in the Qantara West zone, a promising edifice for the textile and ready-made clothing industry. This project supports economic cooperation between Egypt and Turkey. Our company is present in 38 countries around the world, has 4 factories and 8 companies, employs 15 thousand employees, and has two major international brands, with a thousand branches around the world, and 15 branches in Egypt, which the company aims to make it 100 branches within 5 years. The company works alongside ready-made clothing in the real estate development sector to provide decent housing for its customers and seeks to transfer that experience to Egypt. The company is looking forward to increasing its production of ready-made clothing to reach 24 million pieces annually after opening the new factory in the Qantara West zone. We stress that the company adopts the principle of ‘Human First’; It is keen to provide intensive job opportunities in its various projects, and it always preserves the rights of future generations through its sustainability plans and policies by relying on clean energy sources, as well as recycling water in its factories to fulfil the company’s responsibility towards the environment.” Mr. Sahin Eroglu announced
