The projects cover an area of 3,450 square meters, creating approximately 80 job opportunities.
The General Authority for the Suez Canal Economic Zone (SCZONE) signed two new textile manufacturing projects with investment exceeding $3 million within the ready-made factories area of the Sokhna Industrial Zone and developed by Main Development Company (MDC).
The projects cover an area of 3,450 square meters, creating approximately 80 job opportunities.
Chairman of SCZone, Walid Gamal El-Din, witnessed the signing of the Velvet project, which will be established on a 2,300-square-meter area. The project will be equipped with machinery worth approximately $2 million and will specialize in the production of prayer rugs, velvet fabrics, and woven textiles.
The target export volume for 2025 is projected at $6 million, with the creation of 50 job opportunities.
Additionally, the Legend project was also signed, covering an area of 1,150 square meters with an investment of $1 million. The factory will be equipped with 20 circular knitting machines, a printing machine, and a packaging machine for textile production.
The project aims to achieve an export volume of $4 million by 2025 and will generate 30 job opportunities.
El-Din emphasized that MDC serves as the developmental arm of SCZONE, with the economic zone holding more than a 75% stake in the company.
He highlighted the authority's commitment to fully supporting MDC, particularly in its Plug & Play Ready-Made Factories Project, which spans 222,000 square meters and aims to provide around 150 ready-made factory units in three phases with a total expected investment of EGP 1 billion.
The first phase of the project, which included 14 factories with a total investment of EGP 150 million, has been fully contracted, demonstrating significant success.
The second phase, currently underway, involves the construction of 60 ready-made factory units with an estimated investment of EGP 350 million, followed by the third phase, which will offer 76 additional units with an expected investment of EGP 500 million.
