SCZone pens $8.8M deal with Turkish Denim Rise for clothing manufacturing facility in Qantara West

Updated 12/24/2024 8:11:00 AM
SCZone pens $8.8M deal with Turkish Denim Rise for clothing manufacturing facility in Qantara West

Arab Finance: The Suez Canal Economic Zone (SCZone) has inked an $8.8 million contract with the Turkish firm Denim Rise to establish a ready-made clothing manufacturing facility in the Qantara West Industrial Zone, as per a statement.

Spanning 26,000 square meters, the Denim Rise project is expected to create 1,000 direct job opportunities and export 70% of its products.

The foundation stone for the project will be laid in the near future, with operations anticipated to commence in the second half (H2) of 2025.

 

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