SCZONE expands industrial growth with 2 new textile projects in Sokhna

CAIRO – 12 February 2025: The General Authority for the Suez Canal Economic Zone (SCZONE) has signed agreements for two new textile manufacturing projects in the ready-made factories area of the Sokhna Industrial Zone, developed by the Main Development Company (MDC). With a total investment exceeding $3 million, the projects will span 3,450 square meters and generate approximately 80 job opportunities.

SCZONE Chairman Walid Gamal El-Din attended the signing of the Velvet project, which will occupy 2,300 square meters and be equipped with advanced machinery worth $2 million. The factory will focus on producing prayer rugs, velvet fabrics, and woven textiles, with a targeted export volume of $6 million by 2025 and the creation of 50 jobs.

Additionally, the Legend project was signed, covering 1,150 square meters with a $1 million investment. This facility will be outfitted with 20 circular knitting machines, a printing machine, and a packaging unit to support textile production. The project aims for a $4 million export volume by 2025 and will provide 30 job opportunities.

Chairman Gamal El-Din emphasized that MDC serves as the developmental arm of SCZONE, with the authority holding a 75 percent stake in the company. He reaffirmed SCZONE’s commitment to supporting MDC, particularly in its Plug & Play Ready-Made Factories Project, which spans 222,000 square meters and aims to establish 150 ready-made factory units in three phases, with a total estimated investment of LE 1 billion.

The first phase, which delivered 14 factories with a total investment of LE 150 million, has been fully contracted, marking a significant milestone. The second phase, currently underway, includes the construction of 60 ready-made factories at an estimated cost of LE 350 million, while the third phase will introduce 76 additional units with an expected investment of LE 500 million.

Gamal El-Din highlighted the Plug & Play model's role in accelerating production, supporting investors, and enhancing Egypt’s global trade competitiveness.