SCZONE Signs $100 Million Deal With Chinese Company for Textile Project
Egypt’s Suez Canal Economic Zone (SCZONE) has signed a major agreement worth $100 million with China’s Zhejiang Qiansheng Holding Group. The deal is for building a large textile and garment factory complex in the Qantara West Industrial Zone.
According to SCZONE, the new project will include spinning, weaving, and the production of ready-made and sportswear garments. This factory complex aims to support Egypt’s textile industry and increase exports.
Project Details
The project will be built on a land area of about 300,000 square meters. The total investment value is $100 million, which is equal to around EGP 4.7 billion. SCZONE confirmed that the project will be fully self-financed by the Chinese company, meaning no government funding will be used.
The factory complex will be developed in three phases. Each phase will focus on different production stages, including spinning yarn, weaving fabrics, and manufacturing finished garments such as clothing and sportswear. Once completed, the project is expected to strengthen local manufacturing and create more value-added products in Egypt.
SCZONE said the project supports its goal of attracting foreign investment and turning the Qantara West Industrial Zone into a key center for textile and industrial production.
Other Chinese Investments
This agreement comes shortly after another deal signed by SCZONE with a Chinese company. On December 11, SCZONE signed a $40 million agreement with Ningbo Dashun Fur, a Chinese manufacturer of microfiber textiles. This project is also located in the Qantara West Industrial Zone.
The Ningbo Dashun Fur project will cover an area of 100,000 square meters and is expected to create around 500 direct job opportunities. The microfiber textiles produced at the factory will be used in various industries and products.
These deals highlight growing cooperation between Egypt and China, especially in the textile and manufacturing sectors.
Growing Industrial Zone
SCZONE stated that the Qantara West Industrial Zone has seen strong growth in recent years. So far, the zone has attracted 47 projects across industrial, service, and logistics sectors.
The total value of investments in the zone has exceeded $1.225 billion. These projects are expected to create more than 63,665 direct jobs for Egyptian workers.
In total, the projects cover an area of around 2.96 million square meters. SCZONE believes this growth will help boost Egypt’s economy, support exports, and reduce unemployment.
The authority also noted that Qantara West’s location near the Suez Canal makes it attractive for investors, as it offers easy access to global markets.
Overall, the new $100 million deal reflects SCZONE’s continued efforts to attract international companies and strengthen Egypt’s role as a regional industrial and manufacturing hub.
Published: 15th December 2025
For more article like this please follow our social media Twitter, Linkedin & Instagram
Also Read:
Saudi Amiantit Subsidiary Signs Water Technology Deal With Libya
Danube sells out Shahrukhz Tower worth $571.8M on launch
Sultan Al-Otaibi on Taiba’s rise amid Saudi tourism boom
