A whole lot of fresh investments coming our way: We’re in line for fresh Chinese and Turkish investments, with three new projects announced over the past 24 hours with combined investments totaling USD 265 mn.

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#1- China’s Everfar Textile Egypt is investing USD 130 mn to set up a textile and ready-made garments facility at the Qantara West Industrial Zone, according to a Suez Canal Economic Zone (SCZone) statement. The project aims to produce over 7.5 mn tons of processed fabrics, more than 20 mn meters of garment fabrics, 3.6 mn ready-made garments, and large quantities of garment accessories annually. All output will be exported, with the factory expected to create more than 3.2k jobs.

#2- Turkish textile manufacturer Nil Örme will establish a USD 35 mn textile and garment manufacturing project in the Qantara West Industrial Zone, according to a separate statement. The facility will export 90% of its output and is expected to create around 2k jobs. The project comes as part of SCZone’s strategy to position Qantara West as a regional hub for textiles and ready-made garments.

#3- Turkish textile giant Sahinler Holding plans to invest over USD 100 mn to expand its ready-made garments and tourism businesses in Egypt, Sahinler Egypt ’s Ahmed El Deeb, told Asharq Business.

The details: The company will invest around USD 41.2 mn on textile projects, including a USD 13 mn sportswear factory set for launch in 2026, and a 50k-sqm factory in Robbiki Leather City to produce garments for Zara. Sahinler will also invest USD 60 mn into its first overseas Mega Saray resort. The group is eyeing either the Red Sea or Sharm El Sheikh for the project, which could add up to 700 rooms to the local hospitality market.

What’s next: The Suez Canal Authority will stage a promotional roadshow in Turkey at the end of September, eyeing fresh inflows across multiple sectors.

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