An Egyptian-Chinese consortium will invest over USD 75 mn in three new textile projects in Qantara West Industrial Zone, according to a statement. The projects, spanning 225k sqm, are expected to generate over USD 100 mn in annual exports and create around 3.6k jobs. The projects include:

#1- A USD 29.2 mn home textiles and furnishing project with an annual capacity of 5.6 mn textile pieces and 3k tons of home furnishings. The 75k sqm facility will export its entire output and create 1.2k jobs.

#2- A USD 28.2 mn microfiber textiles and blankets factory with an annual production capacity of 21 mn pieces and 8k tons. The 75k sqm facility will export 70% of its output to international markets and is expected to create 1.3k jobs.

#3- A USD 17.6 mn electric blankets and polyester textiles factory. The 75k sqm facility will be established by the largest Chinese manufacturer and exporter of electric blankets, as the first of its kind in the Middle East and Africa. It will produce 5.6 mn electric blankets and 3k tons of heating textiles annually, creating 1.2k jobs and exporting 100% of its output.

DATA POINT- Qantara West currently hosts 44 projects worth USD 1.2 bn, set to generate over 60.1k jobs.

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