Walid Gamal El-Din, Chairman of the Suez Canal Economic Zone, signed a contract for a Chinese ready-made garments company to establish a new factory covering 20,000 square meters in the West Kantara industrial area of Ismailia. The project involves an investment of $8 million, equivalent to approximately 388 million Egyptian pounds, funded independently. It is planned to provide around 2,000 direct jobs and produce 16.5 million pieces annually, with 100% of the production allocated for export.

Walid Gamal El-Din welcomed the Chinese company’s joining the investor community in West Kantara, emphasizing that the new project is an additional step in the Egyptian-Chinese industrial cooperation journey. It reflects the growing confidence global companies have in the Suez Canal Economic Zone as a distinguished investment destination, which now includes investments from six countries due to its strategic location and integrated infrastructure. He added that the project enhances the existing industrial system in West Kantara, especially in the clothing and textiles sector, which is continuously expanding, contributing to building an advanced industrial base capable of competing regionally and globally.

Gamal El-Din explained that the company’s joining raises the total number of actual projects in the West Kantara industrial area to 38 projects, covering a total area of about 2,382,400 square meters, with total investments of approximately $1.0083 billion, providing more than 54,700 direct jobs. He confirmed that the zone is working to attract more global investments, especially in sectors supporting supply chains and meeting market needs.

He also noted that West Kantara has proven its ability to transform into a regional center for textile and ready-made garment industries, relying on the skills of Egyptian labor and the competitive advantages the zone offers.

The Suez Canal Economic Zone has successfully transformed the West Kantara industrial area into one of the most important regional industrial hubs, attracting investments worth $1.0083 billion through 38 diverse projects. These include investments from six countries: China, Turkey, Thailand, Egypt, Greece, and Germany, in addition to a project for an Egyptian-Turkish alliance. This diversity has made West Kantara a regional gateway for textile and ready-made garment industries to global markets.