Chinese firm's $8 mln deal pushes Egypt’s Qantara zone investments past $1 bln

The new ready-made garment factory is the latest in a series of international projects in the area, which is affiliated with the Suez Canal Economic Zone (SCZONE).

The project will establish a ready-made garment factory on a 20,000-square-metre plot, following a contract signed on Wednesday between SCZONE Chairman Walid Gamal El-Din and ShuaNFENG owner Yu Jinhui.

The factory will be entirely self-financed and is expected to create around 2,000 direct jobs and produce 16.5 million pieces annually, with the entire production earmarked for export, according to a statement released by the SCZONE.

With this venture, the number of projects in Qantara West rises to 38, representing a combined investment of about $1.0083 billion and the potential to generate over 54,700 direct jobs.

During the signing ceremony, Gamal El-Din described the agreement as a clear sign of international confidence in SCZONE.

He noted that Qantara West now hosts investments from six countries, highlighting its strategic location and integrated infrastructure.

Gamal El-Din added that ShuaNFENG’s entry further strengthens the Zone’s role as a regional hub for textiles and garments, a sector experiencing steady growth.

He emphasised that SCZONE continues to leverage the skills of Egypt’s workforce and the Zone’s competitive advantages to attract more global investors, particularly in industries that support supply chains and meet growing market demand.