Chinese textile giant Jasan Group breaks ground on USD 117 mn Qantara West complex

China’s Jasan Group broke ground on its USD 117 mn Qantara West textile complex, according to a Suez Canal Economic Zone statement. The investment ticket is higher than the USD 100 mn announced when the group signed the project agreement last December. The megaproject will be developed in three phases, establishing an integrated industrial hub spanning yarn spinning, weaving, seamless sportswear, hosiery, dyeing, and accessories. The complex is highly export-oriented, with 90% of its total output earmarked for global markets.

IN CONTEXT- Qantara West currently hosts 54 projects from nine nationalities worth around USD 1.54 bn, including 43 textile and ready-made garment projects.