The General Authority for the Suez Canal Economic Zone (SCZone) has signed a $20 million investment agreement with Chinese firm COMFILY Hong Kong Co., Ltd to establish a fully integrated industrial complex in the Qantara West Industrial Zone. The facility will span 80,000 square metres.
The agreement was signed by SCZone Chairman Walid Gamal Eddin and COMFILY Chairman MrXuyi Hailong.
The new project is expected to generate approximately 2,000 direct job opportunities and will focus on export-oriented production, with 80 per cent of its output for international markets and the remaining 20 per cent allocated to local distribution. With an estimated annual production capacity of over 22 million items, operations at the facility are slated to begin by the end of 2026.
Commenting on the agreement, SCZone Chairman Gamal Eddin stated that the Qantara West Industrial Zone has emerged as a leading model for attracting specialised investments and is rapidly evolving into a globally competitive industrial hub. He stressed that the continued influx of investment projects into Qantara West reflects SCZone’s commitment to strengthening local manufacturing and enhancing integration into global supply chains.
With this agreement, the total number of contracted projects within the Qantara West Industrial Zone now stands at 22, representing cumulative investments of approximately $623.5 million and creating more than 32,600 direct jobs. This growth underscores the increasing confidence of both domestic and international investors in SCZone’s attractive and business-friendly investment climate.
