Photo courtesy of Suez Canal Economic Zone
The factory will be built on a 23,000 square metre site and is expected to produce about 7 million garments annually, with roughly 80 percent of output destined for export markets and the remainder for domestic sales.
The agreement was signed on Wednesday in the presence of SCZone Chairman Waleid Gamal El-Din; SCZone northern area Deputy Chairman Mohamed Ibrahim; and ELA Tekstil representatives Ali Turkman and Mohamed Waheed Rehani.
The investment adds to a growing cluster of textile and garment manufacturers in Qantara West, which has attracted 42 projects in the sector with total investments of about $1.14 billion.
The SCZone chief said the zone has become a hub for export-oriented textile production, supported by its location between Red Sea and Mediterranean ports, which helps reduce logistics costs and improve access to international markets.
The textiles and ready-made garments sector is among the most active industries in the zone, driven by demand for labour-intensive manufacturing and export growth.
Authorities are seeking to expand such investments as part of a broader strategy to increase local manufacturing, boost exports, and integrate Egypt more deeply into global supply chains.
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