{"id":612790,"date":"2024-01-02T00:00:00","date_gmt":"2024-01-02T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/02\/chinese-luggage-company-inks-agreement-for-usd-50-mn-factory\/"},"modified":"2024-01-02T00:00:00","modified_gmt":"2024-01-02T00:00:00","slug":"chinese-luggage-company-inks-agreement-for-usd-50-mn-factory","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/01\/02\/chinese-luggage-company-inks-agreement-for-usd-50-mn-factory\/","title":{"rendered":"Chinese luggage company inks agreement for USD 50 mn factory"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Samsonite bags made in E<\/strong><strong>gypt? <\/strong>The Suez Canal Economic Zone (SCZone) signed an agreement with Chinese luggage manufacturer <a target=\"_blank\" href=\"https:\/\/www.bloomberg.com\/profile\/company\/AAFTWZ:CH\" style=\"\" rel=\"noopener\">Hangzhou Henneway Travel Goods<\/a> \u2014 whose client brands include Samsonite, Swissgear, Travelite, and Delsey \u2014 to build a USD 50 mn factory, according to a cabinet <a target=\"_blank\" href=\"http:\/\/tinyurl.com\/34f7s5jn\" style=\"\" rel=\"noopener\">statement<\/a>. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>The details:<\/strong> 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. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Investors have been loving the West Qanta<\/strong><strong>ra Industrial Zone: <\/strong>The first phase of the zone has garnered around USD 1.1 bn in investments from 11 projects manufacturing a variety of products \u2014 textiles, medical devices, sportswear, and readymade garments, SCZone head Walid Gamal El Din said. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Especially Chinese investors: <\/strong>Back in October, the SCZone inked agreements with a number of Chinese companies to establish textile projects worth a combined <a target=\"_blank\" href=\"https:\/\/enterprise.news\/egypt\/en\/news\/story\/8538fab0-92d9-4745-8e06-ed30bf2b0923\" style=\"\" rel=\"noopener\">USD 101.3 mn in investments<\/a> in the West Qantara Industrial Zone.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The factory is expected to begin production in 1Q 2025<\/p>\n","protected":false},"author":1,"featured_media":612791,"comment_status":"closed","ping_status":"open","sticky":false,"template":"single-feature.php","format":"standard","meta":{"_acf_changed":false,"newspack_ads_suppress_ads":false,"newspack_popups_has_disabled_popups":false,"newspack_sponsor_sponsorship_scope":"","newspack_sponsor_native_byline_display":"inherit","newspack_sponsor_native_category_display":"inherit","newspack_sponsor_underwriter_style":"inherit","newspack_sponsor_underwriter_placement":"inherit","ep_exclude_from_search":false,"_primary_brand":0,"newspack_featured_image_position":"","newspack_post_subtitle":"","newspack_article_summary_title":"Overview:","newspack_article_summary":"","newspack_hide_updated_date":false,"newspack_show_updated_date":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[7255],"tags":[116,975,72,131,416,7104],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-612790","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-manufacturing","tag-china","tag-egypt-china-relations","tag-enterpriseam","tag-manufacturing","tag-suez-canal-economic-zone","tag-west-qantara-industrial-zone","wpautop","entry"],"acf":{"mongo_id":"5e56b963-e052-4cf2-a077-18e50a880511","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/1\/53.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Chinese luggage company inks agreement for USD 50 mn factory in Egypt\u2019s West Qantara Industrial Zone","related_issue":[612775],"teaser":"The factory is expected to begin production in 1Q 2025","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/1\/.b384f361-1e73-4e27-9084-ad5279eef9de.mp3"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v27.1 (Yoast SEO v27.1.1) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Chinese luggage company inks agreement for USD 50 mn factory - EnterpriseAM Egypt<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/enterpriseam.com\/egypt\/2024\/01\/02\/chinese-luggage-company-inks-agreement-for-usd-50-mn-factory\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Chinese 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