Prestige Denim Mills, one of India’s textile manufacturers, has announced a US$20 million investment to establish a new denim fabric manufacturing facility in West Qantara Industrial Zone, becoming the first Indian investor in the industrial zone.
The project was announced by the Suez Canal Economic Zone, which said the investment reflects growing international confidence in Egypt’s expanding textile manufacturing sector.
Integrated Denim Production Facility
The new factory will be built on a 100,000-square-meter site and is expected to create approximately 1,000 direct jobs.
According to SCZONE, the plant will have an annual production capacity of 20 million meters of denim fabric and will integrate weaving, dyeing and finishing operations within a single manufacturing complex.
Approximately 70% of production will be exported to international markets, while the remaining output will supply Egypt’s domestic textile industry.
Read More:Â The Global Denim Industry: Market, Technology and Future Trends
Investment Agreement Signed at SCZONE Headquarters
The investment agreement was signed at SCZONE headquarters in New Administrative Capital in the presence of Waleid Gamal El-Dien.
Commenting on the project, Gamal El-Dien said the investment represents the first Indian manufacturing project in the West Qantara Industrial Zone and further strengthens the growing economic partnership between Egypt and India.
He added that ongoing investments in infrastructure and industrial development have significantly enhanced the attractiveness of the zone for textile and apparel manufacturers.
Egypt Strengthens Textile Investment Hub
According to SCZONE, cumulative investments in textile and ready-made garment projects within the West Qantara Industrial Zone have now exceeded US$1 billion.
The latest investment reinforces Egypt’s strategy of positioning the Suez Canal Economic Zone as a regional manufacturing and export hub for the global textile and apparel industry.
