The Suez Canal Economic Zone (SCZone) has signed a land usufruct agreement with Jiangsu Guotai, a leading Chinese textile and garment company, to establish a ready-made garment factory in Qantara West Industrial Zone.

The new 21,000-square-meter facility represents a $10 million investment (EGP 500 million) and is expected to create 2,000 direct jobs.

 The factory is designed exclusively for exporting its entire production to international markets, further strengthening Egypt’s role in the global textile supply chain.

During the signing ceremony, Chairman of SCZone, Walid Gamal El-Din, highlighted that 15 usufruct agreements have been finalized in Qantara West, with total investments amounting to $490 million.

These projects span over 1.031 million square meters and are expected to generate over 20,000 jobs. T

he region is poised to become a major exporter, with 80% of production destined for European and American markets via West Port Said Port—a vital SCZone facility on the Mediterranean that serves as a gateway to European trade networks.

 The port is expected to witness increased activity following the launch of new industrial projects in Qantara West.

Additionally, SCZone recently laid the foundation stone for five of these projects, and further developments are underway.

 The first two factories in Qantara West are scheduled to be inaugurated in the second half of 2025.