CAIRO – 27 April 2026: Walid Gamal El-Din, Chairman of the General Authority for the Suez Canal Economic Zone (SCZONE), oversaw the signing of a new investment agreement with Turkish firms YILTEM Apparel and Dinamik Raus Tekstil to establish a garments and textiles manufacturing facility in the Qantara West Industrial Zone.
The project will be developed with total investments of $8 million on an area of 21,000 square meters, focusing on the production of a diverse range of ready-made garments and textile products. The factory will utilize modern manufacturing, dyeing, and fabric processing technologies designed to increase the value-added of finished products and enhance production efficiency.
Once operational, the facility is expected to generate around 700 direct jobs, while directing 90% of its output to export markets and allocating the remaining 10% to the domestic market, supporting Egypt’s export-driven industrial strategy.
El-Din noted that the project underscores the continued effectiveness of SCZONE’s efforts to attract high-quality industrial investments to Qantara West, which has rapidly emerged as a leading regional hub for textiles and ready-made garments. He highlighted that the sector is witnessing strong momentum, supported by integrated supply chains and partnerships with investors from multiple countries, contributing to greater value-added for the Egyptian economy.
He further stressed that the textiles and garments industry remains one of the most dynamic sectors in terms of job creation and export growth, aligning with the government’s broader plans to strengthen the competitiveness of Egypt’s manufacturing base.
With the addition of this project, the total number of Turkish investments in the Qantara West Industrial Zone has reached 15 projects, bringing cumulative Turkish investments in the area to approximately $560.2 million, alongside another joint Egyptian-Turkish project valued at $2.1 million. These figures reflect the strength of industrial cooperation and the rising confidence of Turkish investors in the investment environment within SCZONE.
El-Din reaffirmed that the Authority remains committed to providing comprehensive support and streamlined procedures for investors to accelerate project implementation and ensure timely start of operations. He also emphasized that strict oversight mechanisms are in place to monitor project progress and enforce contractual obligations, with decisive action taken against projects that fail to meet agreed timelines, ensuring efficient use of industrial land and the achievement of targeted development outcomes.
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