Egypt Opens Chinese, Turkish Industrial Factories in SCZone
(MENAFN) Egyptian Prime Minister Mostafa Madbouly officially opened a series of cutting-edge industrial developments on Saturday within the Suez Canal Economic Zone (SCZone), highlighting investments from Turkish and Chinese firms, according to a government statement.
Among the unveiled ventures is Hengsheng (Egypt) Textile Technology Co., Ltd., a Chinese textile and garment manufacturing facilitybacked by a $70 million investment. The factory, situated in West Qantara’s industrial area in Ismailia—northeast of Cairo—covers 200,000 square meters and will roll out in two phases. Chen Songfu, chairperson of Hengsheng (Egypt), noted the project “is expected to generate about 1,300 direct jobs.”
Prime Minister Madbouly emphasized the importance of the initiative, stating it “strengthens West Qantara's position as the region's largest emerging textile hub and marks a major step forward in Egypt's strategy to boost domestic manufacturing, expand production, and increase exports.”
Additionally, Madbouly inaugurated the Eroglu Garment factory, part of Turkey’s Eroglu Global Holding Group. The facility occupies 64,000 square meters, involves a total investment of $40 million, and will create 2,750 direct jobs.
Highlighting Egypt’s industrial goals, Madbouly said, “such projects are part of Egypt's efforts to attract labor-intensive industries, create thousands of direct and indirect jobs, and enhance the global competitiveness of Egyptian exports.”
The SCZone, established in August 2015, spans 461 square kilometers along the Suez Canal, incorporating six ports and four development areas. West Qantara remains one of its key industrial zones.
Among the unveiled ventures is Hengsheng (Egypt) Textile Technology Co., Ltd., a Chinese textile and garment manufacturing facilitybacked by a $70 million investment. The factory, situated in West Qantara’s industrial area in Ismailia—northeast of Cairo—covers 200,000 square meters and will roll out in two phases. Chen Songfu, chairperson of Hengsheng (Egypt), noted the project “is expected to generate about 1,300 direct jobs.”
Prime Minister Madbouly emphasized the importance of the initiative, stating it “strengthens West Qantara's position as the region's largest emerging textile hub and marks a major step forward in Egypt's strategy to boost domestic manufacturing, expand production, and increase exports.”
Additionally, Madbouly inaugurated the Eroglu Garment factory, part of Turkey’s Eroglu Global Holding Group. The facility occupies 64,000 square meters, involves a total investment of $40 million, and will create 2,750 direct jobs.
Highlighting Egypt’s industrial goals, Madbouly said, “such projects are part of Egypt's efforts to attract labor-intensive industries, create thousands of direct and indirect jobs, and enhance the global competitiveness of Egyptian exports.”
The SCZone, established in August 2015, spans 461 square kilometers along the Suez Canal, incorporating six ports and four development areas. West Qantara remains one of its key industrial zones.
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