CAIRO - 20 November 2024: The General Authority for the Suez Canal Economic Zone (SCZone) has officially launched the $51 million Eroglu Egypt Ready-Made Garments project at the Qantara West Industrial Zone. This venture, a partnership with Turkey’s Eroglu Holding, will cover 84,200 square meters and is expected to create approximately 5,000 jobs upon completion.
SCZone Chairman Walid Gamal El-Din highlighted the strategic advantages of Qantara West, including access to skilled labor, abundant raw materials, and its proximity to SCZone ports.
These factors, along with free trade agreements that provide access to over two billion consumers worldwide, position Qantara West as a potential global hub for textiles, ready-made garments, and food products.
El-Din also noted that the Eroglu project is the third major industrial initiative in Qantara West in less than four months, underscoring SCZone’s success in attracting international investment aligned with its strategic objectives. Efforts are also underway to build a comprehensive community in Qantara West, with plans for commercial centers, banking facilities, and essential infrastructure to support business operations.
The new factory is set to increase production capacity to 24 million garments annually. Eroglu also intends to bring its expertise in real estate development to Egypt, in line with its commitment to sustainability and clean energy.
This initiative exemplifies the strong collaboration between SCZone and the Administrative Control Authority to localize industrial investments and focus on exports to global markets. Currently, SCZone is home to 151 successful companies operating across various sectors.
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