{"id":669359,"date":"2025-07-31T00:00:00","date_gmt":"2025-07-31T00:00:00","guid":{"rendered":"https:\/\/enterpriseam.com\/egypt\/2025\/07\/31\/sokhna-industrial-zone-welcomes-usd-55-mn-in-chinese-textile-investments\/"},"modified":"2025-07-31T00:00:00","modified_gmt":"2025-07-31T00:00:00","slug":"sokhna-industrial-zone-welcomes-usd-55-mn-in-chinese-textile-investments","status":"publish","type":"post","link":"https:\/\/enterpriseam.com\/egypt\/2025\/07\/31\/sokhna-industrial-zone-welcomes-usd-55-mn-in-chinese-textile-investments\/","title":{"rendered":"Sokhna Industrial Zone welcomes USD 55 mn in Chinese textile investments"},"content":{"rendered":"<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Good afternoon, friends, and congratulations on making it to the weekend<\/strong>. It\u2019s a calm day on the home front, meanwhile Trump\u2019s trade war continues to dominate headlines.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE BIG STORY TODAY-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"> <strong>New day, new Chinese investment in SCZone<\/strong>: China\u2019s Bridge Textile International Egypt and F-Tex International kicked off construction of two textile projects, with combined investments exceeding USD 55 mn, in the China-Egypt Teda industrial zone within the Sokhna Industrial Zone, according to a Suez Canal Economic Zone (SCZone) <a target=\"_blank\" href=\"https:\/\/www.facebook.com\/share\/p\/19wwtTyL2r\/\" 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>Bridge Textile International Egypt will develop an integrated textile complex on a 40k sqm plot, with investments exceeding USD 25 mn.<\/strong> The complex will feature 18 spinning lines, over 100 fabric production lines, and 6 printing and dyeing lines, with a planned annual output of 25 mn meters of high-quality fabric and 105k tons of fiber. The project is expected to create 500 direct and 1k indirect jobs. The facility is projected to generate USD 120 mn in annual sales, of which USD 100 mn will be in foreign currency, according to Bridge Textile Director Zhang Lihua. Around 80% of production will be exported to Europe and the US.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>F-Tex International will develop a USD 30 mn production plant for Draw Textured Yarn (DTY) polyester fibers on a 55k sqm site.<\/strong> The plant will house 60 production lines for DTY, with planned annual output of 130k tons and is expected to generate USD 150 mn in annual export revenues.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>Timeline:<\/strong> The DTY facility is expected to begin trial operations within a year, according to F-Tex director Lou Xinrang. It is projected to become fully operational by the end of 2027, creating approximately 400 jobs.<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\">\n<p class=\"tag-border-left\">THE BIG STORY ABROAD-<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>US President Donald Trump <\/strong><strong>threatens trade<\/strong><strong> agreement with Canada<\/strong> following Prime Minister Mark Carney\u2019s announcement that the country plans to recognize the Palestinian State in September, unless Israel concedes to a ceasefire. \u201cThat will make it very hard for us,\u201d the US President wrote on Truth Social. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>ICYMI<\/strong>- On Wednesday, Canadian PM Mark Carney joined two other G7 nations \u2014 France and the UK \u2014 in announcing that Canada would recognize the Palestinian State at the upcoming UN General Assembly in September. Carney\u2019s announcement came just one day after UK Prime Minister Keir Starmer said that the UK would \u201crecognize a Palestinian state as a contribution to a proper peace process.\u201d Last week, French President Emmanuel Macron was the first to make a similar statement. <\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>REMEMBER<\/strong>- Trump set a deadline of 1 August for countries to reach deals with the US to avoid higher tariffs. If a deal between the US and Canada is not reached today, the latter is set to face a 35% tariff on most goods sold to the US starting Friday. (<a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/live\/c2lkp8rlenxt\" style=\"\" rel=\"noopener\">BBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.nytimes.com\/2025\/07\/31\/us\/politics\/trump-canada-trade-palestine.html\" style=\"\" rel=\"noopener\">NYT<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/us-news\/live\/2025\/jul\/31\/donald-trump-tariffs-trade-canada-palestine-us-politics-live-news-updates\" style=\"\" rel=\"noopener\">Guardian<\/a> | <a target=\"_blank\" href=\"https:\/\/www.independent.co.uk\/news\/world\/americas\/us-politics\/trump-palestine-canada-trade-deal-b2799408.html\" style=\"\" rel=\"noopener\">Independent<\/a>)<\/p>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>MEANWHILE<\/strong>- More than 50 Palestinians were killed and 400 injured in Gaza earlier today as they lined up for aid, according to a Gazan hospital that received the casualties. The Israeli military claimed that it had intended to fire warning shots, and was \u201cnot aware of any casualties.\" The news comes just days after Israel announced a daily 10-hour pause on military operations in Gaza to allow for more aid corridors. (<a target=\"_blank\" href=\"https:\/\/www.bbc.com\/news\/articles\/c74d82pdxjzo\" style=\"\" rel=\"noopener\">BBC<\/a> | <a target=\"_blank\" href=\"https:\/\/www.theguardian.com\/world\/live\/2025\/jul\/31\/israel-gaza-war-palestinians-steve-witkoff-latest-live-news-updates\" style=\"\" rel=\"noopener\">Guardian<\/a> | <a target=\"_blank\" href=\"https:\/\/apnews.com\/article\/israel-palestinians-hamas-gaza-war-news-07-30-2025-9b9b516f22e61bd1dde879733fdd97aa\" style=\"\" rel=\"noopener\">AP<\/a>)<\/p>\n<div class=\"row\">\n<div class=\"col-md-12 subscribe-box-panel\">\n<div class=\"\">\n<div class=\"title\">\n<h4 class=\"fw-lighter mb-10\">   Get <b style=\"font-weight: 700\">Enterprise<\/b> daily   <\/h4>\n<\/p><\/div>\n<p class=\"mb-10\">The roundup of news and trends that move your markets and shape corporate agendas delivered straight to your inbox.<\/p>\n<p>  <a target=\"_blank\" href=\"\/egypt\/en\/user\/NewsLetters\" type=\"button \" class=\"btn-green px-3 d-flex align-items-center\" rel=\"noopener\">Subscribe here<\/a>  <\/div>\n<\/p><\/div>\n<\/p><\/div>\n<p style=\"padding:0;margin:0;line-height:1.15;orphans:2;widows:2;text-align:left\"><strong>\u2600\ufe0f <\/strong><strong>TOMORROW\u2019S WEATHER- <\/strong>We\u2019re looking at a relatively cool Friday, with temperatures in Cairo set to peak at 35\u00b0C before cooling down to 23\u00b0C. Up north, we\u2019re expecting some wind with a high of 29\u00b0C and a low of 27\u00b0C, according to our favorite weather app. <\/p>\n","protected":false},"excerpt":{"rendered":"<p>Good afternoon, friends, and congratulations on making it to the weekend. It\u2019s a calm day on the home front, meanwhile Trump\u2019s trade war continues to dominate headlines. THE BIG STORY TODAY- New day, new Chinese investment in SCZone: China\u2019s Bridge Textile International Egypt and F-Tex International kicked off construction of two textile projects, with combined [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":669360,"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":[7213],"tags":[104,633,131,2080,634],"brand":[],"newspack_spnsrs_tax":[],"class_list":["post-669359","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-what-were-tracking-tonight","tag-economy","tag-enterprisepm","tag-manufacturing","tag-textiles","tag-what-were-tracking-tonight","wpautop","entry"],"acf":{"mongo_id":"d5a122e5-c398-4e08-b338-cfa24397f6b7","order":"1","is_powered_by":false,"story_type":"4","photo_url":"https:\/\/ent.news\/2024\/7\/1292.jpg","photo_position":"above","homepage_title":"","full_issue_title":"Sokhna Industrial Zone welcomes USD 55 mn in Chinese textile investments","related_issue":[669357],"teaser":"","voice_url":"https:\/\/s3.us-east-1.amazonaws.com\/ent.news\/audio\/2025\/7\/.a55e266a-083d-42f6-823f-b812982b7ee5.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>Sokhna Industrial Zone welcomes USD 55 mn in Chinese textile investments - 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\/07\/31\/sokhna-industrial-zone-welcomes-usd-55-mn-in-chinese-textile-investments\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Sokhna Industrial Zone welcomes USD 55 mn in Chinese textile investments\" \/>\n<meta property=\"og:description\" content=\"Good afternoon, friends, and congratulations on making it to the weekend. It\u2019s a calm day on the home front, meanwhile Trump\u2019s trade war continues to dominate headlines. 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