SCZone signs $120M contract for Eroglu knitting project in Qantara West
Updated 2/26/2025 7:46:00 AM
Arab Finance: The General Authority of the Suez Canal Economic Zone (SCZone) has signed a contract for the first phase of the Eroglu knitting project, a $120 million investment to establish an integrated clothing manufacturing facility in the Qantara West Industrial Zone, as per a statement.
The project, spanning 100,000 square meters, will cover all stages of garment production, from spinning to the final product, with an annual target of 30 million pieces.
It is expected to create 5,000 jobs, the statement noted.
The contract marks the company's second investment in Qantara West, where it is also building a $40 million factory set to begin trial operations in April 2025, providing 2,000 jobs.
SCZone's head Waleid Gamal El-Dien emphasized that the Qantara West Industrial Zone has become a key hub for clothing, textile, and food industries, with 12 projects covering 1.112 million square meters and attracting $511 million in investments, generating over 21,500 jobs within just 20 months.
He attributed this success to the zone’s strategic location near Port Said and Sokhna seaports, making it a prime gateway to regional and global markets.
He highlighted the authority’s commitment to infrastructure development, providing land, logistics services, and investment incentives to enhance the competitiveness of the economic zone as a regional industrial and logistics center.
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