Suez Canal Economic Zone (SCZone) Chairman, Walid Gamal el-Din, has witnessed the signing of an agreement for the establishment of a ready-made garments and denim manufacturing facility by the Turkish company ELA Tekstil San. ve Tic. A.Ş. in the Qantara West Industrial Zone.
The project, the zone said in a statement on Wednesday, will be implemented with total investments amounting to $16.5 million and will span an area of 23,000 square metres, creating approximately 2,500 direct employment opportunities.
The facility is expected to produce around 7 million garments annually, with 80 per cent of output allocated for export markets and 20 per cent for domestic consumption, thereby supporting export growth and enhancing the added value of national industry.
In his remarks during the signing ceremony, the SCZone chairman stated that this agreement reflects the continued success of the authority’s strategy to attract specialised industrial investments to the Qantara West Industrial Zone, which has emerged as a leading integrated regional centre for textile and garment manufacturing.
He noted that the number of projects in this sector has reached 42, with total investments estimated at approximately $1.14 billion, reinforcing Egypt’s role within global value chains.
Gamal el-Din further affirmed the authority’s ongoing commitment to providing comprehensive support and facilitation to investors to ensure the timely implementation and operation of projects.
He emphasised that the expansion of textile industries contributes directly to enhancing the competitiveness of Egyptian exports while generating substantial employment opportunities across the Zone’s industrial areas.
The textiles and ready-made garments sector remains among the most attractive areas for investment within the SCZone, particularly in Qantara West, owing to its strategic location between the authority’s ports on both the Red Sea and the Mediterranean, underlining the sustained growth and significance of this key sector.
