SCZone, China’s Shanghai Shengda pen contract to build ready-made garment factory

Updated 7/19/2023 8:06:00 AM
SCZone, China’s Shanghai Shengda pen contract to build ready-made garment factory

Arab Finance: The Suez Canal Economic Zone (SCZONE) signed a $40 million contract with Chinese Shanghai Shengda for the construction of a ready-made garment factory, the SCZone announced on July 18th.

The first of its kind project in the Qantara West Industrial Area will be implemented in two phases, the first of which will be carried out with $28.5 million in investment.

Production from the project will be fully exported to the US, with a production capacity of 43 million pieces annually.

Since 2019, Chinese Shanghai Shengda invested about $15 million in Ismailia Public Free Zone.

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