Thursday May 30th, 2024
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SCZONE Signs USD 40M Deal With Turkish Manufacturers Eroğlu Group

The factory is expected to produce 7.2 million jeans, with plans to export 70% of production abroad.

Cairo Scene

SCZONE Signs USD 40M Deal With Turkish Manufacturers Eroğlu Group

The General Authority for the Suez Canal Economic Zone (SCZONE) has signed a USD 40 million contract with the Turkish Eroğlu Holding Group for the Eroğlu DNM jeans factory project in the Qantara West Industrial Zone.

This project will cover 62 thousand square meters and aims to produce 7.2 million pairs of jeans per year. Of these products, 70% will be exported and 30% will be sold in Egypt.

The SCZONE is a trade and manufacturing hub near the Suez Canal. This zone attracts investments through financial incentives such as import tax exemptions.

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