CAIRO – 2 March 2025: The Suez Canal Economic Zone (SCZone) has finalized two new investment agreements at its headquarters in the New Administrative Capital, further strengthening its role as a hub for industrial growth.
The projects, set to be developed in the Qantara West Industrial Zone, focus on textile manufacturing, printing, and dyeing, with a combined investment of $28 million.
Covering 100,000 square meters, these ventures are expected to generate 800 direct job opportunities.
The first agreement was signed with Changzhou Kingcason Printing & Dyeing Co. Ltd, a Chinese firm specializing in yarn manufacturing, dyeing, printing, knitting, and textile design.
Spanning 60,000 square meters, this project involves an investment of $24.5 million and will create 500 direct jobs, with 100 percent of production allocated for export.
The second contract was inked with Shanghai Honour Home Textile, a Chinese company specializing in home textile manufacturing, in collaboration with its UAE-based subsidiary, Home Hub Textile.
This project, covering 40,000 square meters, entails a $3.5 million investment and will provide 300 direct job opportunities. Like the first project, its entire output will be designated for export markets.
According to SCZone Chairman Walid Gamal El-Din, these new agreements bring the total investments in Qantara West Industrial Zone to $542.3 million over the last 20 months, highlighting the region’s growing appeal as a key destination for international industrial and manufacturing investments.
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