Samsonite bags made in Egypt? The Suez Canal Economic Zone (SCZone) signed an agreement with Chinese luggage manufacturer Hangzhou Henneway Travel Goods — whose client brands include Samsonite, Swissgear, Travelite, and Delsey — to build a USD 50 mn factory, according to a cabinet statement.

The details: The 120k-sqm factory will be located in the West Qantara Industrial Zone in Ismailia. The factory will create some 2k jobs and production is expected to kick off in 1Q 2025.

Investors have been loving the West Qantara Industrial Zone: The first phase of the zone has garnered around USD 1.1 bn in investments from 11 projects manufacturing a variety of products — textiles, medical devices, sportswear, and readymade garments, SCZone head Walid Gamal El Din said.

Especially Chinese investors: Back in October, the SCZone inked agreements with a number of Chinese companies to establish textile projects worth a combined USD 101.3 mn in investments in the West Qantara Industrial Zone.

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