The Suez Canal Economic Zone (SCZONE) has signed contracts for two significant new projects in the Qantara West Industrial Zone, marking a total investment of $38 million. The projects, one in the textile sector and the other in food industries, will span 137,000 square meters and create 1,450 new job opportunities. The textile project is expected to further strengthen Egypt’s position in global textile manufacturing, contributing to the country’s growing industrial base.
Mr. Waleid Gamal El-Dien, Chairman of SCZONE, signed the contracts at the SCZONE headquarters in the Administrative Capital, highlighting the importance of these projects in driving economic growth and fostering international trade partnerships. The textile project, a key focus of the investment, will play a crucial role in expanding Egypt’s textile production capabilities, further integrating the country into the global garment manufacturing and export markets.
Textile Investment and Job Creation
The textile-focused project is one of the key developments in the Qantara West Industrial Zone, which is becoming an increasingly attractive destination for international textile investments. This project is expected to enhance Egypt’s textile production and bolster its export capacity. The area’s strategic location, with easy access to the Suez Canal, makes it an ideal hub for manufacturers targeting regional and international markets.
In addition to the textile investment, Mr. El-Dien also signed a contract with the Turkish company “Saray Bisküvi ve Gıda San. A.Ş” for a food industry project. This project, spanning 45,000 square meters, will involve an $8 million investment and create 450 new job opportunities. The food industry project, with an impressive export rate of 90%, is expected to complement the textile development by further strengthening the industrial zone’s diverse capabilities.
Expanding Egypt’s Industrial Potential
These new investments reflect SCZONE’s commitment to creating a dynamic, diversified industrial zone that attracts high-value manufacturing projects. The combination of textile and food industries within the Qantara West Industrial Zone will enhance the region’s capacity to serve both domestic and international markets, fostering economic growth, and creating thousands of jobs.
Mr. El-Dien emphasized that the Qantara West Industrial Zone continues to be a central pillar of SCZONE’s strategy to boost industrial development in Egypt, making the country a key player in global manufacturing. The agreements signed today not only enhance Egypt’s textile industry but also build on the success of previous projects, further solidifying the region’s reputation as an investment hotspot.
As SCZONE continues to grow, the textile sector in Egypt is expected to see more investments, leading to higher production, increased exports, and job creation, positioning Egypt as a leading textile manufacturing hub in the region.
” By signing these two contracts, SCZONE has completed 8 contracts from the first phase of projects in the Qantara West Industrial Zone, with total investments exceeding $309 million, on a total area of 751 thousand square meters, providing about 14200 job opportunities. This is a developmental achievement in various aspects, through which we established a world-class industrial center, capable of attracting more investments, providing promising job opportunities, and gaining investors’ confidence quickly. These projects will contribute to developing advanced industries and strengthening the national economy.” Mr. Waleid Gamal El-Dien, Chairman of SCZONE declared.
” Qantara West Industrial Zone is an ideal destination for investors, given its strategic location and proximity to seaports, which supports access to various regional and international markets. SCZONE exerted great efforts to develop the infrastructure of Qantara West Industrial Zone, which facilitates investors in carrying out their business efficiently and effectively. SCZONE commits to providing all necessary support and facilities to investors, including land, logistical services, and required licenses, to give a distinguished investment experience. The two projects are anticipated to commence operations in the final quarter of 2025” Mr. Waleid Gamal El-Dien, Chairman of SCZONE added
