China's Shuan Feng has signed a contract to establish a ready-made garments factory in Egypt's West Qantara Industrial Zone, the Suez Canal Economic Zone (SCZONE) said on Wednesday. The project, fully self-financed with investments of $8 million (around 388 million Egyptian pounds), will occupy 20,000 square metres and is expected to create approximately 2,000 direct jobs. The facility will have an annual production capacity of 16.5 million pieces, all intended for export. "This new investment reflects the growing trust of international investors in SCZONE as a distinctive investment destination," Waleid Gamal El-Dien said, noting that projects in West Qantara now span six countries. He added that the zone currently hosts 38 projects over 2.38 million square metres, with total investments of about $1.008 billion, supporting more than 54,705 direct jobs. Shuan Feng, a leading Chinese exporter of ready-made garments, cited Egypt's strategic location as a key factor for the investment, offering access to African, European, and Middle Eastern markets. Attribution: Amwal Al Ghad English
