{"id":657141,"date":"2024-12-16T00:00:00","date_gmt":"2024-12-16T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/16\/qantara-west-industrial-zone-to-welcome-two-new-projects-with-investments-of-usd-38-mn\/"},"modified":"2024-12-16T00:00:00","modified_gmt":"2024-12-16T00:00:00","slug":"qantara-west-industrial-zone-to-welcome-two-new-projects-with-investments-of-usd-38-mn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/16\/qantara-west-industrial-zone-to-welcome-two-new-projects-with-investments-of-usd-38-mn\/","title":{"rendered":"Qantara West Industrial Zone to welcome two new projects with investments of USD 38 mn"},"content":{"rendered":"

SCZone secures USD 38 mn in fresh investments: <\/strong>The Qantara West Industrial Zone will welcome two new projects with combined investments of USD 38 mn following agreements with the Suez Canal Economic Zone (SCZone), according to a SCZone statement<\/a>. The new projects \u2014 one in food manufacturing and the other in home textiles \u2014 will come online during 4Q 2025 and create 1.5k jobs.<\/p>\n

(Tap or click the headline above to read this story with all of the links <\/strong>to our background as well as external sources.)<\/p>\n

China\u2019s Kelida commits USD 30 mn:<\/strong> Chinese textile manufacturer Kelida will set up a USD 30 mn factory in the industrial zone, creating 1k direct jobs. Over 90% of the factory\u2019s output will be earmarked for exports, with a focus on European and US markets. <\/p>\n

Turkish snackmaker <\/strong>Saray Biskuvi<\/a><\/strong> will set up a USD 8 mn food manufacturing facility<\/strong>, creating 450 direct jobs. The new plant will export 90% of its production to international markets. <\/p>\n

What they said:<\/strong> With the two new projects, the first phase of the Qantara West Industrial Zone will now house eight projects with total investment of USD 309 mn, SCZone head Walid Gamal El Din said, adding that the projects will create some 14.2k jobs.<\/p>\n","protected":false},"excerpt":{"rendered":"

The new facilities are set to create 1.5k jobs<\/p>\n","protected":false},"author":1,"featured_media":657142,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","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":[7272],"tags":[72,125,416,7104],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-657141","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-investment-watch","tag-enterpriseam","tag-investment-watch","tag-suez-canal-economic-zone","tag-west-qantara-industrial-zone","wpautop","entry"],"acf":{"mongo_id":"c09fb4bb-a77b-4cf7-8f57-6f69132950a7","order":"8","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/12\/1419.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Qantara West Industrial Zone to welcome two new projects with investments of USD 38 mn","related_issue":[657128],"teaser":"The new facilities are set to create 1.5k jobs","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/12\/.fde03d1d-a74d-4cb9-b83e-e4194ceb6c70.mp3"},"yoast_head":"\nQantara West Industrial Zone to welcome two new projects with investments of USD 38 mn - 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\/12\/16\/qantara-west-industrial-zone-to-welcome-two-new-projects-with-investments-of-usd-38-mn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Qantara West Industrial Zone to welcome two new projects with investments of USD 38 mn\" \/>\n<meta property=\"og:description\" content=\"The new 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