The General Authority for the Suez Canal Economic Zone (SCZone) has signed a landmark agreement with Capital for Factory Management and Development to establish a major industrial project in West Qantara.
The deal, worth LE2.4 billion, covers an area of 150,000 square metres and will deliver ready‑built factories and storage units available for immediate lease.
The signing ceremony took place at SCZone headquarters in the New Administrative Capital, attended by Chairman Walid Gamal El‑Din, Deputy Chairman for Investment and Promotion Mostafa Shekhon, and Capital Chairman Saeed Gamal Abdel Fattah, alongside senior executives from both sides.
Speaking after the signing, Gamal El‑Din stressed that SCZone is committed to accelerating growth across its ports and industrial zones, with West Qantara a priority area. He highlighted the authority’s competitive advantages, including its strategic location linking East and West, access to global and local markets, skilled labour, and advanced training centres tailored to investor needs.
The new project adds to SCZone’s expanding portfolio, which now includes 54 projects from nine countries, representing investments of around $1.54 billion. Together, these ventures span 3.57 million square metres and are expected to generate nearly 69,000 direct jobs. Key sectors include textiles and ready‑made garments, packaging, travel goods, food industries, logistics, and poultry equipment.
By attracting industrial developers who can provide turnkey facilities, SCZone aims to fast‑track production and strengthen Egypt’s role as a regional hub for manufacturing and trade.
