{"id":657639,"date":"2024-12-24T00:00:00","date_gmt":"2024-12-24T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/24\/turkish-denim-manufacturer-to-invest-usd-8-8-mn-in-sczone\/"},"modified":"2024-12-24T00:00:00","modified_gmt":"2024-12-24T00:00:00","slug":"turkish-denim-manufacturer-to-invest-usd-8-8-mn-in-sczone","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2024\/12\/24\/turkish-denim-manufacturer-to-invest-usd-8-8-mn-in-sczone\/","title":{"rendered":"Turkish denim manufacturer to invest USD 8.8 mn in SCZone"},"content":{"rendered":"

Turkish denim manufacturer to invest USD 8.8 mn in SCZone: <\/strong>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<\/a>. <\/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

Project details:<\/strong> The 26k sqm project is expected to create 1k direct jobs, with 70% of its total production earmarked for export. The project\u2019s foundation stone is expected to be laid soon, with the company targeting a 2H 2025 opening.<\/p>\n

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

Hot on the heels of two fresh agreements signed earlier this month:<\/strong> The SCZone last week announced<\/a> two new projects in West Qantara with combined investments of USD 38 mn. The new projects \u2014 one in partnership with Turkish food manufacturer Saray Biskuvi and the other with Chinese home textile maker Kelida \u2014 will come online during 4Q 2025 and create 1.5k jobs.<\/p>\n

DATA POINT- <\/strong>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. <\/p>\n

WE HAVE A LAUNCH DATE FOR AJE\u2019S FACTORY- <\/p>\n

AJE\u2019s USD 10 mn factory set to launch by end of next year:<\/strong> Global beverage giant AJE \u2014 the world\u2019s fourth-largest beverage producer \u2014 plans to inaugurate its USD 10 mn<\/a> beverage factory in Sixth of October by the end of 2025, Al Ma<\/a>l<\/a> reports. The factory will bolster supply across Egypt and neighboring Arab and African countries. <\/p>\n","protected":false},"excerpt":{"rendered":"

The project will span 26k square meters in the Qantara West Industrial Zone<\/p>\n","protected":false},"author":1,"featured_media":657640,"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":[7255],"tags":[72,131,6702,7104],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-657639","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-manufacturing","tag-enterpriseam","tag-manufacturing","tag-sczone","tag-west-qantara-industrial-zone","wpautop","entry"],"acf":{"mongo_id":"81933db7-0301-4bdb-8a9c-3ddaceb7c3c4","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2024\/12\/2111.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Turkish denim manufacturer to invest USD 8.8 mn in SCZone","related_issue":[657631],"teaser":"The project will span 26k square meters in the Qantara West Industrial Zone","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2024\/12\/.0df0a5a1-f0df-4f6e-a678-5befde8d1309.mp3"},"yoast_head":"\nTurkish denim manufacturer to invest USD 8.8 mn in SCZone - 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\/24\/turkish-denim-manufacturer-to-invest-usd-8-8-mn-in-sczone\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Turkish denim manufacturer to invest USD 8.8 mn in SCZone\" \/>\n<meta property=\"og:description\" content=\"The project will span 26k square meters in the Qantara West Industrial Zone\" \/>\n<meta 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