Walid Gamal El-Din, Chairman of the General Authority for the Suez Canal Economic Zone (SCZone), has signed an $8.8 million contract with Turkey’s Denim Rise for a ready-made garments project. Spanning 26,000 square meters, the project is set to create 1,000 direct jobs and export 70% of its production. The foundation stone is expected to be laid soon, with the facility scheduled to open in the second half of 2025, coinciding with the launch of similar projects in the industrial zone.
Gamal El-Din highlighted the strategic advantages of the Qantara West industrial zone, citing its proximity to Canal and Delta governorates, making it ideal for labor-intensive projects. He emphasized that the Denim Rise project marks the fourth Turkish investment in the zone, reflecting robust economic ties between Egypt and Turkey and opening avenues for further collaboration.
The Qantara West industrial zone plays a key role in SCZone’s infrastructure development strategy, aiming to create a favorable investment climate and attract targeted industries. Partnerships with Turkish investors in the garments and textile sectors maximize resource utilization, promote industrial integration, and enhance product value. The zone is also set to host facilities for garment accessories, textile printing and dyeing, and the manufacturing of bags and travel goods.
With the Denim Rise contract, SCZone has completed nine project agreements under the first phase of the Qantara West industrial zone. These projects represent a combined investment of $317.8 million, covering 777,000 square meters, and are expected to generate approximately 15,200 job opportunities.
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