The General Authority of the Suez Canal Economic Zone (SCZONE) has signed a $4 million investment agreement with Greek company TZANIDAKIS MIAXAH MARINOS Co (Murphy) for its ready-made garments brand “Mariniro.” This marks the first-ever Greek industrial investment in the Qantara West Industrial Zone and represents a new chapter in Egypt–Greece economic relations.
The contract was signed by SCZONE Chairman Mr. Waleid Gamal El-Dien and Mr. Marinos Tzanidakis, Chairman of Murphy, during a ceremony at SCZONE’s headquarters in the New Administrative Capital, attended by senior executives from both sides.
Strategic Export-Oriented Garment Production
The Mariniro facility will be built on a 7,000 square meter plot with an estimated investment of $4 million (around EGP 200 million). It is expected to create 1,000 direct jobs and will allocate 70% of its output for export, contributing to Egypt’s rapidly growing apparel sector.
“We are proud to welcome the first Greek industrial investment to Qantara West,” said SCZONE Chairman Waleid Gamal El-Dien. “This step not only underscores strong bilateral ties between Egypt and Greece, but also affirms international confidence in SCZONE’s infrastructure and business climate.”
He emphasized that this project reinforces SCZONE’s positioning as a regional hub for textiles and garments, aligned with national goals for industrial localization, export promotion, and employment generation.
Growing Investment Momentum in Qantara West
With the addition of Mariniro, Qantara West now hosts 36 operational projects across sectors including textiles, apparel, food processing, and logistics. These projects collectively span 2.33 million square meters, attract nearly $993.3 million in investments, and provide over 52,200 direct jobs.
“Our commitment is to strengthen value chains and global partnerships,” Mr. El-Dien added. “Qantara West plays a pivotal role in Egypt’s industrial transformation and resilience.”
About Mariniro
Mariniro is a brand of TZANIDAKIS MIAXAH MARINOS Co, a Greek company with long-standing experience in apparel manufacturing and design. The Qantara West investment will allow the company to leverage Egypt’s strategic location, workforce, and trade agreements to access major export markets across Europe, the Middle East, and Africa.
This agreement further underscores SCZONE’s role as a competitive and trusted platform for international, export-focused manufacturers in the MENA region.
