馃嚜馃嚞EgyptNorth Africa
SCZone secures $6.5 million Turkish investment for textile project in Qantara West
via Egypt Today2 min read
Egypt's Suez Canal Economic Zone has attracted a new Turkish investment from Atesan Tekstil for a textile manufacturing facility in the Qantara West industrial zone. This project, valued at $6.5 million, will span 20,000 square meters and is expected to create approximately 200 direct jobs. SCZone Chairman Waleid Gamal El-Dien stated that the authority prioritizes attracting investments in sectors like textiles, garments, food industries, and logistics, especially in Qantara West, due to high investor interest. These projects aim to decrease import reliance, increase exports, and satisfy demand in both local and regional markets. The SCZone is actively monitoring project execution to ensure timely completion. Qantara West currently hosts 52 projects in industrial, logistics, and service sectors, representing total investments of $1.53 billion across more than 3.54 million square meters, with an anticipated creation of around 72,000 direct jobs.
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This summary was AI-generated from a story originally published by Egypt Today.
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