The Suez Canal Economic Zone (SCZone) has signed a land usufruct 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.

During the signing ceremony, SCZone Chairman Walid Gamal El-Din announced that 15 usufruct agreements have been finalized in Qantara West, attracting total investments of $490 million. Covering 1.031 million square meters, these projects are expected to generate over 20,000 jobs.

The region is poised to become a key exporter, with 80% of its production destined for European and American markets via West Port Said Port, a crucial SCZone hub on the Mediterranean. The port is anticipated to see increased activity as new industrial projects in Qantara West take shape.

In line with this expansion, SCZone has recently laid the foundation stone for five projects, with more developments underway. The first two factories in Qantara West are scheduled to open in the second half of 2025, marking a significant milestone in Egypt’s industrial growth.