Turkish denim manufacturer to invest USD 8.8 mn in SCZone: The Suez Canal Economic Zone (SCZone) signed an agreement yesterday with Turkish apparel company Denim Rise to establish a garment manufacturing facility in the Qantara West Industrial Zone, according to an SCZone statement.

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Project details: The 26k sqm project is expected to create 1k direct jobs, with 70% of its total production earmarked for export. The project’s foundation stone is expected to be laid soon, with the company targeting a 2H 2025 opening.

Not the first Turkish investment in Qantara West: The agreement marks the fourth project to be established by a Turkish firm in the industrial zone, with Turkish clothing manufacturer Eroglu Holding and DNM Textile for Spinning Weaving and Dying currently developing projects in the area.

Hot on the heels of two fresh agreements signed earlier this month: The SCZone last week announced two new projects in West Qantara with combined investments of USD 38 mn. The new projects — one in partnership with Turkish food manufacturer Saray Biskuvi and the other with Chinese home textile maker Kelida — will come online during 4Q 2025 and create 1.5k jobs.

DATA POINT- The SCZone has so far inked agreements for nine projects to be set up in the first phase of the Qantara West Industrial Zone with investments totaling USD 317.8 mn. The projects are expected to create 15.2k jobs.

WE HAVE A LAUNCH DATE FOR AJE’S FACTORY-

AJE’s USD 10 mn factory set to launch by end of next year: Global beverage giant AJE — the world’s fourth-largest beverage producer — plans to inaugurate its USD 10 mn beverage factory in Sixth of October by the end of 2025, Al Mal reports. The factory will bolster supply across Egypt and neighboring Arab and African countries.

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