SCZone signs two textile manufacturing projects with $3M investments
Updated 2/13/2025 5:29:00 AM
Arab Finance: The General Authority for the Suez Canal Economic Zone (SCZone) signed contracts for two new textile manufacturing and printing projects in the Sokhna Industrial Zone, with investments exceeding $3 million, as per a statement.
Developed in collaboration with the Main Development Company (MDC), the projects will span a total area of 3,450 square meters, offering approximately 80 job opportunities.
The first project, undertaken by Velvet Co., covers 2,300 square meters and involves the production of prayer rugs, velvet fabrics, and woven fabrics.
This factory will be equipped with machinery valued at $2 million, targeting an export volume worth of $6 million in 2025, providing 50 job opportunities.
The second project, launched by Legend Company, focuses on fabric production on an area of 1,150 square meters.
The factory will feature 20 circular knitting machines, a printing machine, and a packaging machine, with investments totaling $1 million.
This project aims to achieve an export volume of $4 million in 2025 and will create 30 job opportunities.
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