Textiles
SCZone breaks ground on $20.5m textile projects in West Qantara
Walid Gamal El-Din, Chairperson of the Suez Canal Economic Zone (SCZone), and Ahmed Essam El-Din, Deputy Governor of Ismailia, laid the foundation stone on Tuesday for two textile and ready-made garment projects in the West Qantara Industrial Zone. The projects total $20.5m in investments, cover a combined 68,000 square metres, and are expected to create around 4,600 direct jobs.
Egyptian-Chinese alliance invests $75m in West Qantara projects
A consortium of Egyptian and Chinese companies has signed contracts for three new industrial projects in the West Qantara industrial zone, with a total investment of $75m. The projects are expected to generate over $100m in annual exports and create 3,600 direct jobs. Walid Gamal El-Din, Chairperson of the General Authority for the Suez Canal Economic Zone, signed the agreements.