INVESTMENT WATCH-

Two new Turkish textile factories are heading to Egypt’s Qantara West Industrial Zone, bringing a combined USD 38 mn in fresh investment, according to statements here and here. The two factories are poised to earmark 80% of their output for export and create over 1.8k direct jobs combined. The project’s timeline has not been disclosed.

Two projects, one zone: Turkish plastics and industrial textiles company UR-SA is investing USD 20 mn in a 35k sqm facility to produce agricultural and industrial packaging materials, industrial and agricultural textiles, and flexible intermediate bulk containers (FIBC). Turkey’s yarn and spinning producer ULUSOY Tekstil is also pouring USD 18 mn for its own 35k sqm plant — a self-financed project that will produce a variety of yarns.

ZONES-

Syria issues tender for freezone upgrade: Syria’s General Authority for Land and Sea Ports has launched a tender for the second phase of the freezone in Al Muslimiyah improvement project, according to a statement. The project — located in Aleppo governorate — has an investment ticket of nearly SYP 4.9 bn (USD 374.3k) with an 80-day implementation period. The deadline for bid submission is 30 June.

PORTS-

DP World integrates new Ain Sokhna regasification unit: Dubai-based port operator DP World has integrated a floating storage regasification unit — dubbed Energos Eskimo — at Ain Sokhna Port, according to a statement. The vessel, which will be operated by New Fortress Energy, looks to support Egypt’s natural gas operations and meet rising domestic demand.

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