SCZone Secures $16.5 Million Turkish Textile Investment

Waleid Gamal El-Dien, head of the Suez Canal Economic Zone (SCZone), witnessed the signing of a new industrial investment agreement with Turkish firm ELA Tekstil San. ve Tic. A.Ş to establish a ready-made garments and denim factory in the Qantara West Industrial Zone.

The project, valued at $16.5 million, will span a total area of 23,000 square meters and is expected to generate approximately 2,500 direct jobs. Once operational, the facility aims to produce around 7 million garments annually, with 80% of output designated for export markets and the remaining 20% for domestic consumption.

The agreement was signed at SCZone headquarters in Egypt’s New Administrative Capital, with Mohamed Ibrahim, Deputy Chairman for the Northern Zone, representing the authority. Officials from ELA Tekstil, including Ali Turkman and Mohamed Wahid Rehani, signed on behalf of the company.

Speaking at the signing ceremony, Gamal El-Dien emphasized that the project reflects SCZone’s continued success in attracting specialized industrial investments, particularly in the textile and apparel sector. He noted that Qantara West has rapidly evolved into a key regional hub for integrated textile manufacturing.

According to SCZone data, the Qantara West Industrial Zone now hosts 42 projects in the textile and ready-made garments sector alone, with total investments reaching approximately $1.14 billion. This concentration is helping position Egypt more competitively within global supply chains.

“The expansion of textile industries plays a direct role in boosting Egyptian exports and increasing local value-added production,” Gamal El-Dien said, adding that the authority remains committed to facilitating investor procedures and accelerating project implementation timelines.

The Qantara West zone’s strategic location, situated between SCZone ports on both the Red Sea and the Mediterranean, continues to be a major draw for international manufacturers. Its proximity to key shipping routes enhances export efficiency, making it particularly attractive for export-oriented industries such as textiles.