{"id":665384,"date":"2025-05-18T00:00:00","date_gmt":"2025-05-18T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/18\/three-chinese-players-will-set-up-factories-in-qantara-worth-over-usd-80-mn\/"},"modified":"2025-05-18T00:00:00","modified_gmt":"2025-05-18T00:00:00","slug":"three-chinese-players-will-set-up-factories-in-qantara-worth-over-usd-80-mn","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/05\/18\/three-chinese-players-will-set-up-factories-in-qantara-worth-over-usd-80-mn\/","title":{"rendered":"Three Chinese players will set up factories in Qantara worth over USD 80 mn"},"content":{"rendered":"

A whole lot of Chinese companies are coming to Qantara: <\/strong>The Suez Canal Economic Zone inked three new agreements with Chinese companies, under which they will set up shop in the Qantara West Industrial Zone.<\/p>\n

#1- <\/strong>Kinlead Innovative Material<\/strong>s will set up a USD 60 mn packaging materials factory<\/strong> in the Qantara West Industrial Zone under an agreement signed with the SCZone, according to a statement<\/a>. The fully self-financed project will be developed in two phases and create 600 direct 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

Kinlead will produce over 100 mn tons of biaxially oriented polypropylene (BOPP) rolls <\/strong>and films annually<\/strong>, along with 165k units of extended film and 60k adhesive BOPP rolls, all of which will be exported.<\/p>\n

#2- <\/strong>Guan<\/strong>gdong Hongx<\/strong>in Textile<\/strong> will set up a <\/strong>USD 13.3 mn textile factory<\/a><\/strong> to produce over 28k tons of fabric per year, 80% of which will be earmarked for export.<\/p>\n

#3- <\/strong>Top New Garment Group<\/strong> will <\/strong>invest USD 7.2 mn<\/strong> in a factory<\/strong> to produce 25 mn pieces of ready-to-wear and sports apparel annually, all of which will be exported. The project will create 4k jobs. <\/p>\n

This comes hot on the heels of Public Enterprises Minister Mohamed Shimi\u2019s <\/strong>meeting<\/a><\/strong> with a delegation of Chinese textile investors last week<\/strong>, which saw the minister pitch potential partnerships in every stage of textile production with Egypt\u2019s state-owned companies. The delegation \u2014 made up of 37 investors representing 25 major textile firms \u2014 was invited to explore potential investments and hold B2B talks with public-sector players.<\/p>\n

DATA POINT- <\/strong>The new projects bring the number of contracted projects in the Qantara West Industrial Zone to 18, with total investments hitting USD 564.5 mn and generating some 25.3k direct jobs, SCZone head Walid Gamal El Din said. <\/p>\n","protected":false},"excerpt":{"rendered":"

Kinlead Innovative Materials will set up a USD 60 mn packaging materials factory<\/p>\n","protected":false},"author":1,"featured_media":665385,"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":[116,72,131,7104],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-665384","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-manufacturing","tag-china","tag-enterpriseam","tag-manufacturing","tag-west-qantara-industrial-zone","wpautop","entry"],"acf":{"mongo_id":"eb86f437-cd9a-49de-bf89-0aaba35845b5","order":"5","is_powered_by":false,"story_type":"1","photo_url":"https:\/\/ent.news\/2025\/5\/1396.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Three Chinese players will set up factories in Egypt\u2019s Qantara worth over USD 80 mn","related_issue":[665376],"teaser":"Kinlead Innovative Materials will set up a USD 60 mn packaging materials factory","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/5\/.a16e6e55-0614-454e-a474-4075d02e1587.mp3"},"yoast_head":"\nThree Chinese players will set up factories in Qantara worth over USD 80 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\/2025\/05\/18\/three-chinese-players-will-set-up-factories-in-qantara-worth-over-usd-80-mn\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Three Chinese players will set up factories in Qantara worth over USD 80 mn\" \/>\n<meta property=\"og:description\" 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