itma 2027

SCZONE and Eroglu Moda Tekstil Sign USD 5.6 Million Agreement for New Garments Factory

The Suez Canal Economic Zone (SCZONE) has announced a new Turkish investment in Egypt’s textile and apparel sector, as Mr. Waleid Gamal El-Dien, Chairman of SCZONE, signed a contract with Eroglu Moda Tekstil San Ve Tic S.A. to establish a ready-made garments factory in the Qantara West Industrial Zone.

The project, fully self-financed by the Turkish investor, will be built on an area of 5,700 m² and will see total investments amounting to USD 5.6 million. The facility will specialise in manufacturing ready-made garments and denim products, with an annual production capacity reaching 1 million pieces.

Read more: SCZONE Chairman Meets Peruvian Ambassador to Explore Bilateral Cooperation Opportunities

According to SCZONE, the factory aims to export 95% of its output to global markets, while the remaining 5% will be supplied to the domestic market. Once fully operational, the project will generate 700 direct job opportunities, strengthening the region’s role as a competitive hub for apparel manufacturing and export-oriented industries.

Mr. Waleid Gamal El-Dien emphasized that Qantara West Industrial Zone continues to attract strong industrial interest. With the addition of this project, the total number of contracted investments in the zone has reached 50 projects, spanning approximately 3,464,100 m² and representing cumulative investments of USD 1.352 billion. These projects collectively provide over 70,000 direct jobs.

He also highlighted the contribution of the industrial developer, Main Development Company (MDC), SCZONE’s development arm, which is working to establish ready-to-operate factories and industrial facilities to support investors and accelerate project implementation

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