Wednesday, May 21, 2025
HomeFashionEgypt's SCZone attracts $15 mn garment project, to create 2,000 jobs

Egypt’s SCZone attracts $15 mn garment project, to create 2,000 jobs



Egypt’s SCZone attracts $15 mn garment project, to create 2,000 jobs

The Suez Canal Economic Zone (SCZone) and GS Global Sourcing Co Ltd have recently signed an agreement to set up a project for ready-to-wear clothes in the West Qantara area of Egypt with 15-million-dollar investments, as per Egypt’s state information service.

The project, covering an area of over 27,000 square metres, is expected to manufacture more than 12 million ready-to-wear garments annually, all designated for export, and will generate direct employment for 2,000 individuals.

The Suez Canal Economic Zone (SCZone) and GS Global Sourcing Co Ltd have partnered to launch a $15 million ready-to-wear garment project in West Qantara.
Spanning 27,000 square metres, it will produce over 12 million garments annually for export and create 2,000 jobs.
SCZone head Walid Gamal el Din highlighted the zone’s strategic appeal.
Total investments in West Qantara now stand at $579.5 million.

West Qantara Zone is emerging as a key hub for investment in the textile and ready-made garments sector, according to Walid Gamal el Din, head SCZone. He attributed the zone’s success to its strategic location near the Suez Canal and Egypt’s main ports, making it well-suited for labour-intensive industries. He added that the latest project highlights growing international investor confidence and the zone’s ability to attract global supply chains and support major brands.

The addition of the new project brings total investments in the West Qantara Zone to $579.5 million, encompassing 19 projects and creating more than 27,300 direct job opportunities.

Fibre2Fashion News Desk (SG)




Source link

RELATED ARTICLES

LEAVE A REPLY

Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Recent Comments