CWA Textiles is setting up a new EGP 970 mn (USD 19.9 mn) factory in the Sokhna Industrial Zone, according to a Suez Canal Economic Zone (SCZone) statement. The project will be located on a 15k sqm plot developed by the Main Development Company (MDC). The company aims to generate at least USD 10 mn in export revenues in its first year of operations, growing to USD 30 mn within five years.

What they’re making: The facility will produce textile goods, including floor coverings and carpet protectors, along with auxiliary services including printing, finishing, cutting, and stitching.

The timeline: The project will be implemented in phases, with production set to begin in 3Q 2026, and a total time for implementation of 12-48 months, company head Ashraf Abou El Einin said. The project is expected to create 200 jobs in its initial phase, expanding to 500 jobs over five years.

SCZone is expecting further investments in the near future. China’s Kibing Group is planning to establish a USD 685 mn solar panel glass factory in Ain Sokhna, while Hong Kong-based Crystal International Group is eyeing a USD 250-300 mn textile factory in the Qantara West Industrial Zone.

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