In a landmark move, the General Authority for the Suez Canal Economic Zone (SCZONE) has signed a contract with Pakistan’s Interloop Group to establish a new ready-made garments project in the Qantara West Industrial Zone. The agreement was concluded this morning at SCZONE’s headquarters in the New Administrative Capital, with Mr. Waleid Gamal El-Dien, Chairman of SCZONE, and Mr. Syed Faseehuddin Bukhari, company representative, in attendance alongside senior SCZONE officials.
The project, covering an area of 60,000 square meters, involves total investments of USD 35.2 million (EGP 1.76 billion). It is expected to generate over 1,000 direct jobs and will dedicate 100% of its production to export markets, strengthening SCZONE’s role as a competitive hub for global apparel manufacturing and trade.
Mr. Gamal El-Dien highlighted the strategic importance of the deal: “The Interloop project marks the first-ever Pakistani industrial investment within the Suez Canal Economic Zone, representing a milestone in strengthening industrial cooperation between Egypt and Pakistan. The project reinforces Qantara West’s position as one of the most promising industrial destinations globally, endowed with the capacity to attract diverse investments—particularly in the ready-made garments and accessories sector.”
He further noted that dedicating production entirely for exports underscores foreign investors’ confidence in SCZONE’s investment climate, while also contributing to Egypt’s export growth and integration into global supply chains.
With the addition of Interloop, Qantara West Industrial Zone now hosts 39 projects across a total area of 2,442,400 square meters, with cumulative investments approaching USD 1.044 billion and providing approximately 55,700 direct job opportunities.
Interloop Group, headquartered in Pakistan, is a globally renowned manufacturer supplying socks, denim, and sportswear to leading international brands. Its investment in Egypt reflects the group’s strategy to leverage SCZONE’s unique location and advanced infrastructure for expanded access to African, European, and Middle Eastern markets.
