SCZone & Chinese Textile Company Invest USD 10 Million in New Factory

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 West Qantara Industrial Zone. The facility will be dedicated entirely to exports.

With a USD 10 million investment, the factory is expected to generate 2,000 direct jobs, further strengthening Egypt’s position as a regional textile hub. This project is part of a larger expansion in West Qantara, where 15 other usufruct agreements have been finalised, bringing total investments to over USD 490 million. Spanning 1.031 million square metres, these projects are set to create more than 20,000 jobs.

West Qantara is poised to become a key hub for textile exports, with 80% of its production destined for European and American markets through West Port Said. Alongside these agreements, SCZone has launched the construction of five additional factories, with the first two in West Qantara expected to be operational in the second half of 2025.