Ciaro: Egypt’s Suez Canal Economic Zone (SCZone) has taken a major step to boost the country’s textile industry by signing a land usufruct agreement with Chinese textile giant Jiangsu Guotai.
The agreement, signed in the Qantara West Industrial Zone on March 16, 2025, will pave the way for a new ready-made garment factory spanning 21,000 square meters. This project represents a $10 million investment (EGP 500 million) and is expected to create 2,000 direct jobs, with the factory focused entirely on exports to strengthen Egypt’s role in the global textile supply chain.
At the signing ceremony, SCZone Chairman Walid Gamal El-Din announced that 15 similar agreements have been finalized in Qantara West, attracting a total of $490 million in investments and covering 1.031 million square meters.
These projects are aimed to generate more than 20,000 jobs. With 80% of the region’s production set for export to European and American markets via West Port Said Port, a key hub on the Mediterranean, the area is on track to become a major exporter. New industrial projects are also underway, with the foundation stone for five additional projects already laid, and the first two factories scheduled to open in the second half of 2025.
