Egypt’s Suez Canal Economic Zone (SCZone) has signed an agreement with Turkey’s Atesan Tekstil to establish a woven fabrics manufacturing facility in the Qantara West industrial zone.
The project will involve investments of $6.5 million, span 20,000 square metres, and is expected to create around 200 direct jobs, according to a statement.
SCZone Chairman Waleid Gamal El-Dien said the authority continues to support investors, particularly in Qantara West, which has developed into a hub for textiles, ready-made garments, food industries, and logistics services.
He added that new projects in these sectors help reduce imports, increase Egyptian exports, and meet demand in both local and regional markets.
Gamal El-Dien said the authority is closely monitoring project implementation timelines amid rising investor interest, noting that non-compliant companies are excluded to ensure efficient execution.
The Qantara West industrial zone currently hosts 52 projects across industrial, logistics, and service sectors, with total investments of $1.53 billion. These projects cover more than 3.54 million square metres and are expected to generate around 72,000 direct jobs.
