• Egypt signs $8M deal for textile plant in SCZone
• Factory to create 700 jobs, export 90% of output
• Investment supports textile export growth targeting $11.5B by 2030

Egypt's Suez Canal Zone Authority (SCZone) signed an $8 million agreement with Turkish firms Dinamik Raus Tekstil and YILTEM Apparel on Monday to build a textile manufacturing plant in the West Qantara industrial zone.

The facility will cover 21,000 square meters and is expected to create around 700 direct jobs. Ninety percent of its output will be exported, with the remaining 10 percent for the domestic market.

SCZone Chairman Waleid Gamal El-Dien said the project “strengthens West Qantara industrial zone’s position as a regional hub for the textile sector.” He added that Turkish investments in West Qantara now exceed $560.2 million across 15 projects, with an additional Egyptian-Turkish joint venture valued at $2.1 million.

The deal is part of a broader wave of investment activity in the zone in 2025, with several international manufacturers, particularly from China and Turkey, investing heavily in the textile sector.

The industrial push is in line with the Egyptian government's strategy to make textiles a major driver of export growth. The Apparel Export Council projects revenues of $4.4 billion by 2026, driven primarily by ready-made garment exports. The longer-term target is $11.5 billion in annual revenues by 2030, roughly four times the $2.8 billion recorded in 2024.

Charlène N’dimon