The General Authority for the Suez Canal Economic Zone (SCZone) plans to develop a $8.8 million RMG facility in partnership with Turkiye’s Denim Rise.
To create 1,000 direct jobs, the facility will span 26,000 sq m and export 70 per cent of its production. It will open in H2, FY25, coinciding with the launch of similar projects in the industrial zone.
Highlighting the strategic advantages of the Qantara West Industrial Zone, Walid Gamal El-Din, Chairman, SCZone, says, the zone’s proximity to Canal and Delta governorates makes it ideal for labor-intensive projects.
Reflecting robust economic times, the Denim Rise project marks the fourth Turkish investment in the zone which is set to also host facilities for garment accessories, textile printing and dyeing, and the manufacturing of bags and travel goods.
This project is a part of the Phase I of the nine-project deal signed by the SCZone with a combined investment of $317.8 million. Together, these projects are expected to generate over 15,000 jobs across the country.
