Egypt's bourse, clearing house say settlement, connectivity unharmed by Ramsis blaze    Egypt's Al-Sisi meets Rosatom chief as new Dabaa plant deals are signed    CPME shareholders approve EGP 2.8bn acquisition of Qardy, Catalyst Partners Holding    How the Ramses Central Fire Disrupted Egypt's Internet, Stock Exchange, and Banking Sectors    Philippines' unemployment rate falls in May '25    Gold prices dip on stronger US Treasury yields    Egypt, Somalia leaders discuss strategic partnership, counterterrorism in New Alamein    Egypt, UNDP discuss expanded cooperation on medical waste management, human development    CIB finances Giza Pyramids Sound and Light Show redevelopment with EGP 963m loan    Egypt's PM, Uruguay's president discuss Gaza, trade at BRICS summit    Egypt, Uruguay eager to expand trade across key sectors    Egypt accelerates coastal protection projects amid rising climate threats    Egypt's PM calls Israeli war on Gaza 'most dangerous crisis' at BRICS summit    Egypt, Norway hold informal talks ahead of global plastic treaty negotiations    Greco-Roman tombs with hieroglyphic inscriptions discovered in Aswan    Global tour for Korean 'K-Comics' launches in Cairo with 'Hellbound' exhibition    Egypt teams up with private sector to boost university rankings    Egypt reveals heritage e-training portal    Three ancient rock-cut tombs discovered in Aswan    Egypt condemns deadly terrorist attack in Niger        Egypt's EHA, Schneider Electric sign MoU on sustainable infrastructure    Sisi launches new support initiative for families of war, terrorism victims    Egypt expands e-ticketing to 110 heritage sites, adds self-service kiosks at Saqqara    Egypt's EDA joins high-level Africa-Europe medicines regulatory talks    Egypt's Irrigation Minister urges scientific cooperation to tackle water scarcity    Palm Hills Squash Open debuts with 48 international stars, $250,000 prize pool    Egypt's Democratic Generation Party Evaluates 84 Candidates Ahead of Parliamentary Vote    On Sport to broadcast Pan Arab Golf Championship for Juniors and Ladies in Egypt    Golf Festival in Cairo to mark Arab Golf Federation's 50th anniversary    Germany among EU's priciest labour markets – official data    Cabinet approves establishment of national medical tourism council to boost healthcare sector    Egypt's PM follows up on Julius Nyerere dam project in Tanzania    Egypt's FM inspects Julius Nyerere Dam project in Tanzania    Paris Olympic gold '24 medals hit record value    A minute of silence for Egyptian sports    Russia says it's in sync with US, China, Pakistan on Taliban    It's a bit frustrating to draw at home: Real Madrid keeper after Villarreal game    Shoukry reviews with Guterres Egypt's efforts to achieve SDGs, promote human rights    Sudan says countries must cooperate on vaccines    Johnson & Johnson: Second shot boosts antibodies and protection against COVID-19    Egypt to tax bloggers, YouTubers    Egypt's FM asserts importance of stability in Libya, holding elections as scheduled    We mustn't lose touch: Muller after Bayern win in Bundesliga    Egypt records 36 new deaths from Covid-19, highest since mid June    Egypt sells $3 bln US-dollar dominated eurobonds    Gamal Hanafy's ceramic exhibition at Gezira Arts Centre is a must go    Italian Institute Director Davide Scalmani presents activities of the Cairo Institute for ITALIANA.IT platform    







Thank you for reporting!
This image will be automatically disabled when it gets reported by several people.



Egypt's SCZone to host $18-m Turkish yarn factory
Aya Anwar Published in Amwal Al Ghad on 12 - 06 - 2025

Egypt's Suez Canal Economic Zone (SCZone) on Wednesday signed an $18-million contract with Turkish firm Ulusoy Tekstil to establish a yarn and spinning factory in the Qantara West Industrial Zone.
The self-financed project will span 35,000 square metres and is expected to create 855 direct jobs. It will produce various types of yarns—including fibre, carpet, hand-knitting, tricot, and home-use crochet yarns—in addition to the production of garments. Around 80 per cent of the output will be exported, with the remaining 20 per cent to be allocated to the local market.
According to SCZone Chairman Walid Gamal El-Din the project reinforces Qantara West's position as a regional hub for yarn and ready-made garment industries. It brings the total number of projects in the zone to 24, with combined investments of $661.5 million and 34,455 direct job opportunities.
Attribution: Amwal Al Ghad English
Subediting: M. S. Salama

Clic here to read the story from its source.