Egypt's General Authority for the Suez Canal Economic Zone (SCZone) Chairman Waleid Gamal El Dien signed two new investment contracts in the textile and ready-made garments for projects in West Qantara Industrial Zone, with a combined value of $20.5 million and a total area of 68,000 square metres. The first project, by Chinese firm Top New Garment Group, involves the establishment of a fully integrated factory for ready-made and sportswear garments on a 28,000 square metre site. The $7.2 million investment is expected to create 4,000 direct jobs and produce over 25 million pieces of garments annually, all of which will be exported. The second project, by Guangdong Hongxin Textile, will focus on fabric and textile production. The $13.3 million project will be built on 40,000 square metres and is set to provide 600 direct jobs. The facility will have an annual production capacity exceeding 28,000 tons, with 80 per cent of output designated for export. Attribution: Amwal Al Ghad English Subediting: M. S. Salama
