SCZone Signs Contracts for Turkish, Chinese Companies worth $38 Million

Walid Gamal El-Din, Chairman of the General Authority of the Suez Canal Economic Zone (SCZone) signed today, at the Authority's headquarters in the Administrative Capital, two contracts for two new projects in the promising Qantara West Industrial Zone, with total investments amounting to $38 million, in the fields of food industries and textiles, on an area of ​​137 thousand square meters, providing 1,450 job opportunities.

Walid Gamal El-Din signed the contract for the project of the Turkish company “Saray Bisküvi ve Gıda San. A.Ş”, which is the first project of its kind in the Qantara West Industrial Zone, on an area of ​​45,000 square meters, with total investments of $8 million, providing 450 job opportunities, with an export rate of 90% of the total production. 

The contract was signed by Kamil Özdağ, a member of the company's board of directors, as Saray Food Industries Company is one of the companies of the Turkish Saray Holding Group, which operates in the fields of energy, electronics, mechanics, furniture, and food products.

Walid Gamal El-Din also signed a contract for the project of Kelida, a Chinese company for the manufacture of home textiles and fabrics, which has more than 30 years of experience in this field, with a total investment cost of $30 million, on an area of ​​92,000 sqm, providing 1000 direct opportunities, with more than 90% of the total project products to be exported, as the company aims to export to European and U.S. markets.