Egypt Expands Textile Industry with $10M New Chinese Investment in SCZone

The Suez Canal Economic Zone (SCZone) has signed a land-use agreement with Jiangsu Guotai, a prominent Chinese textile and garment company, to establish a ready-made garment factory in the Qantara West Industrial Zone. Spanning 21,000 square meters, the new facility represents a $10 million (EGP 500 million) investment and is set to create 2,000 direct jobs. The factory will be fully dedicated to exports, reinforcing Egypt’s position in the global textile supply chain.