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More Chinese textile projects are coming to Egypt’s Qantara after the Suez Canal Economic Zone (SCZone) inked three project contracts with Chinese companies to establish textile and garment factories in the Qantara West industrial Zone with a total investment of USD 65.5 mn, according to a statement released on Thursday. The projects will provide around 6k direct jobs with 90% of their output earmarked for export.
IN CONTEXT- The contracts were signed during the SCZone’s first international promotionalroadshow for FY 2025-2026, where SCZone representatives are meeting with Chinese investors and company representatives in a bid to boost investments in the economic zone.
First up, a new garments factory is in the works: Shandong Sunshell Group will set up a USD 7 mn ready-made garments factory. It is expected to produce over 11 mn pieces of clothes annually, the majority of which will be exported. The factory will create 2k jobs.
A textile complex is on the way: Shandong Sunshell will also establish a USD 30 mn advanced textiles complex. The project will have an annual production capacity of 2 mn tons of fabric. It is expected to create 1k direct jobs.
An integrated fabric manufacturing project is coming: Zhejiang Charming for Dyeing and Finishing will build a USD 28.5 mn integrated fabric manufacturing facility that will produce around 12k tons of fabrics annually, including materials for children’s clothing, sportswear, and home textiles. It will create around 3k direct jobs.
Where things stand: The projects bring the total number of signed investments in Qantara West to 31, with a combined value of nearly USD 800 mn. Together, the projects will create over 44k direct jobs.
AND- Chinese glassmaker Kibing Group is looking to establish a USD 685 mn solar panel glass factory in the SCZone’s Ain Sokhna Industrial Zone, according to a separate statement. The project will be built over multiple phases and is expected to create around 3k direct jobs. Around 80% of the factory’s output will be exported to Europe and the US, with the remainder going to the local market. Discussions are ongoing to secure the project’s energy and infrastructure requirements.
