Egypt’s Suez Canal Economic Zone (SCZONE) has signed a new investment agreement with Turkish company Atesan Tekstil to establish a textile manufacturing facility in the Qantara West Industrial Zone, reinforcing the area’s position as a growing hub for textile and garment production.
New Textile Plant to Create 200 Jobs
The new project represents an investment of US$6.5 million and will be developed on a 20,000-square-meter site within the Qantara West Industrial Zone. Once operational, the facility is expected to create approximately 200 direct employment opportunities.The agreement reflects SCZONE’s continued efforts to attract foreign investment into Egypt’s textile and apparel manufacturing sector while supporting export-oriented industrial development.
Qantara West Strengthens Position as Textile Manufacturing Hub
SCZONE Chairman Waleid Gamal El-Dien said the authority remains committed to supporting investors and industrial developers, particularly in the Qantara West Industrial Zone, which has emerged as a key destination for textile and ready-made garment manufacturing, alongside food processing, logistics, and related industries.
He noted that new industrial investments contribute to reducing imports, increasing exports, and meeting growing demand in both domestic and regional markets.Gamal El-Dien also emphasized that, amid increasing investor interest, SCZONE is closely monitoring project implementation schedules and taking action against companies that fail to meet their contractual commitments.
Growing Industrial Ecosystem
According to SCZONE, the Qantara West Industrial Zone now hosts 52 active projects across industrial, logistics, and service sectors. These projects represent total investments of approximately US$1.53 billion, covering more than 3.54 million square meters and expected to generate around 72,000 direct jobs.
The latest investment by Atesan Tekstil further strengthens Egypt’s strategy of expanding its textile manufacturing base and attracting international investors seeking access to regional and global export markets through the Suez Canal Economic Zone.
