SCZone lays foundation stone for Di Seta’s $40M ready-made garments project

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Sun, 09 Mar 2025 - 01:46 GMT

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Sun, 09 Mar 2025 - 01:46 GMT

CAIRO – 9 March 2025: The General Authority for the Suez Canal Economic Zone (SCZone) announced the groundbreaking of the first phase of the Chinese company Di Seta’s project, specializing in fashion accessories and ready-made garments, in the Qantara West Industrial Zone. The first phase of the project comes with an investment of $40 million.

Spanning 83,000 square meters over two phases, the project is expected to generate 1,200 direct job opportunities and is scheduled to begin operations in September.

Walid Gamal El-Din, Chairman of the SCZone emphasized the commitment to attracting targeted industrial investments while ensuring diversity across its industrial zones.

He highlighted that the economic zone comprises four industrial areas: Ain Sokhna, East Port Said, Qantara West, and East Ismailia.

Each industrial zone is allocated for specific industries based on geographic location and the availability of raw materials that support those industries.

SCZone has successfully attracted 15 industrial projects to Qantara West, covering a total area of 1.031 million square meters, with total investments of approximately 490 million dollars.

These projects have created over 20,000 direct job opportunities, further positioning the area as a promising investment hub.

The Di Seta project marks another milestone in expanding Chinese investments within the SCZone. The authority aims to transform Qantara West into a regional hub for textiles and garment manufacturing, while also attracting investments in other key industries.

This project aligns with the SCZone’s vision to enhance industrial development, support local and global supply chains, and drive Egypt’s economic growth while creating more job opportunities for young professionals.

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