Homegrown CWA Textiles will set up a EGP 970 mn factory in the Sokhna Industrial Zone, according to a Suez Canal Economic Zone (SCZone) statement. The project will be located on a 15k sqm plot developed by the Main Development Company.

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What they’re making: The facility will produce a range of textile goods, including floor coverings and carpet protectors, along with auxiliary services including printing, finishing, cutting, and stitching.

The company aims to generate at least USD 10 mn in export revenues in the factory’s first year of operations, growing to USD 30 mn within five years. The project is expected to create 200 jobs in its first phase, expanding to 500 jobs over five years.

The timeline: The project will be implemented in phases, with production set to begin in 3Q 2026. The project will be implemented over a 12-48 month period, company head Ashraf Abou El Einin said.

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