Egypt's General Authority of the Suez Canal Economic Zone (SCZone) witnessed on Wednesday the signing of two new Plug & Play textile manufacturing projects in the Sokhna Industrial Zone, with total investments exceeding $3 million, spanning an area of 3,450 square metres, and creating approximately 80 job opportunities. The Main Development Company (MDC) and Velvet Company signed the first contract for the Velvet project, which will span 2,300 square metres and feature $2 million worth of machinery. The factory will produce prayer rugs, carpets, velvet fabrics, and woven fabrics, targeting $6 million in exports for 2025 and creating 50 job opportunities. MDC and Legend Company signed the second contract for the Legend project, which will span 1,150 square metres and involve investments of $1 million. The factory will feature 20 circular knitting machines, a printing machine, and a packaging machine, targeting $4 million in exports for 2025 and generating 30 job opportunities. MDC, the development arm of SCZone with over 75 per cent ownership by SCZone, is expanding Plug & Play factories over 222,000 square metres, offering 150 units across three phases at an investment cost of one billion pounds. The first phase, comprising 14 factories with a total investment of 150 million pounds, has been fully contracted. The second phase will offer 60 units at 350 million pounds, followed by a third phase with 76 units at 500 million pounds. Plug & Play units provide fully equipped workspaces, enabling small and medium industries to rapidly expand and meet global market demands. Attribution: Amwal Al Ghad English Subediting: M. S. Salama
