Chairman of the General Authority for the Suez Canal Economic Zone (SCZone), Walid Gamal El-Din, signed an investment agreement with Gold Star Fashion, a Chinese company specializing in fashion design and manufacturing.

The project, which aims to produce high-quality fashion at competitive prices, involves a total investment of $4.5 million and will cover an area of 23,000 square meters within the Qantara West Industrial Zone.

The initiative is set to create 2,000 job opportunities and will export 100% of its production to international markets.

During the signing, El-Din highlighted Qantara West’s transformation into a global destination for the textile and garment industry over the past 20 months, attracting 15 investment projects so far.

He further noted that the Gold Star Fashion project strengthens the Qantara West Industrial Zone’s appeal to foreign investors, particularly in the ready-made garment sector.

He reaffirmed SCZone’s commitment to enhancing the investment environment by providing all necessary facilities for investors, thereby supporting the national economy and increasing employment opportunities.

GT Fashion Egypt is expected to become a central hub for the company’s operations in Africa and the Middle East, solidifying its status as a leading global fashion supplier.

It is worth noting that the Qantara West Industrial Zone has become a key hub for textile and garment manufacturing, with 12 projects forming a fully integrated industrial complex.

This includes design, spinning, production, printing, dyeing of textiles and garments, as well as a luggage manufacturing project.

 With 90%-100% of production exported to global markets, the zone has positioned itself as an international industrial center capable of meeting diverse regional and global market demands in the fashion and textile industry.