Pakistan’s Interloop to invest USD 35 mn in Qantara West garment factory

Pakistani textile manufacturer Interloop Group will set up a USD 35.2 mn ready-made garment factory in Qantara West Industrial Zone, marking the first Pakistani industrial investment in the Suez Canal Economic Zone (SCZone), according to an SCZone statement.

The details: The 60k sqm facility will produce socks for global brands, denim, and sportswear. The project is expected to create more than 1k direct jobs and export 100% of output to international markets.

DATA POINT- Qantara West hosts 39 projects worth over USD 1.4 bn, set to generate c.55.7k jobs, SCZone head Walid Gamal El Din said.