Three Chinese textile companies have inked agreements—worth a combined $65.5 million—with Egypt’s Suez Canal Economic Zone (SCZone).
Following a roadshow across several Chinese provinces, the Hangzhou-based firms will focus on garment and textile projects to be built in the Qantara West Industrial Zone. The deal includes two agreements with Shandong Sunshell Garment Group and one with Zhejiang Charming for Dyeing and Finishing.
These projects are projected to create around 6,000 direct jobs, with the majority of production (90 percent) intended for export.
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“The signing of these three contracts reflects the growing confidence of Chinese companies in the investment environment within SCZone,” said Waleid Gamal El-Dien, chairman of the SCZone. “Particularly as SCZone continues to enhance the industrial value chain in the textile sector in Qantara West Industrial Zone, one of the key pillars in building an integrated and competitive export-oriented industry.”
With these additions, the Qantara West Industrial Zone now has 31 signed projects, per Gamal El-Dien, with total investments now around $799.6 million—covering a total area of over 2 million square meters and creating 44,000-plus job opportunities.
“This underscores SCZone’s position as a promising regional hub for the garments and textile industry,” he continued, “and contributes to Egypt’s national objectives in manufacturing, exports and job creation.”
Shandong Sunshell Group, established in 1956, offers fully-integrated industrial solutions including spinning, knitting, dyeing, printing, sewing and embroidery as well as logistics services. The group also specializes in fabric finishing technologies such as antimicrobial treatments.
Gamal El-Dien signed the first contract to establish a factory for high-quality, ready-made garments (RMG) on a 23,000-square-meter plot with Shandong Sunshell. The project involves an investment of $7 million and will provide approximately 2,000 direct job opportunities. It’s set to produce more than 11 million garment pieces annually, of which 90 percent will be exported. The remaining 10 percent will be supplied to the local market.
As part of the same partnership, the second contract with the vertically integrated company covered the establishment of an advanced textile industrial complex within the designated spinning and weaving section of the Qantara West Industrial Zone. Spanning 100,000 square meters, the project has an investment of $30 million and will create 1,000 direct job opportunities. Producing more than 2 million tons of textiles annually, this endeavor, too, will see 90 percent of the high-tech enterprise’s output targeting export markets.
Zhejiang Charming for Dyeing and Finishing, meanwhile, is a high-tech Chinese company specializing in the production of knitted fabrics from blended fibers. With a contract for an integrated fabric production project, this project will be located on a 100,000-square-meter plot in Qantara West—powered by an investment cost of $28.5 million—and will provide approximately 3,000 direct job opportunities.
Featuring an integrated production line—starting with circular knitting to finished garments—using advanced technologies like intelligent cutting systems, the factory’s annual production is expected to reach 12,000 tons of fabric across children’s, sports and casual wear as well as home textiles and premium fabrics. The contract was signed by Mo Bingrong, chairman and owner of the company, with 90 percent of output planned for export to European and American markets.
