The Suez Canal Economic Zone (SCZone) has signed a land usufruct agreement with Jiangsu Guotai, a leading Chinese textile and garment company, to establish a ready-made garment factory in the Qantara West Industrial Zone. The new facility, covering 21,000 square metres, represents a $10 million (EGP 500 million) investment and is expected to create 2,000 direct jobs. Dedicated entirely to exports, the factory will strengthen Egypt’s position in the global textile supply chain.
During the signing ceremony, SCZone Chairman Walid Gamal El-Din revealed that 15 usufruct agreements have been finalised in the Qantara West area, attracting a total investment of $490 million. These projects, covering 1.031 million square metres, are projected to generate over 20,000 jobs. The region is set to become a key export hub, with 80% of its production earmarked for European and American markets, to be shipped via the West Port Said Port, a major SCZone hub on the Mediterranean.
As part of its ongoing expansion, SCZone has recently laid the foundation stone for five new projects, with several more developments in the pipeline. The first two factories in Qantara West are scheduled to open in the latter half of 2025, marking a significant step in Egypt’s industrial growth and further enhancing the region’s role as a key player in global trade.