• SCZone, EVERFAR sign $130M deal for textile factory in Egypt

• Facility to export fabrics, clothing, accessories from West Qantara

• West Qantara emerging as major textile hub with foreign investment
  

The Suez Canal Economic Zone (SCZone) signed a $130 million investment agreement on Tuesday, August 26, with EVERFAR Textile Egypt LLC, a subsidiary of a Chinese industrial group that produces textiles, ready-made clothing, and apparel accessories.

The new partnership involves building a textile factory on a 14.5-hectare site in the West Qantara industrial zone. The new facility is designed as an integrated industrial hub that will produce more than 7.5 million tonnes of processed fabrics, over 20 million meters of clothing textiles, 3.6 million pieces of ready-to-wear clothing, and large quantities of apparel accessories, according to a statement on the SCZone website. All of the factory's output will be for export.

According to Waleid Gamal El-Dien, chairman of the SCZone, the project is one of the largest textile and apparel initiatives signed within the zone. The announcement comes as West Qantara attracts significant foreign investment.

Since the beginning of 2025, several projects have been launched in the area, including by China's Changzhou Kingcason Printing & Dyeing Co. ($24.5 million) and Shanghai Honour Home Textile. Turkey's Orağlu also signed a $120 million agreement last February to establish an integrated clothing factory. In December 2024, China's Kelida invested $30 million in a home furnishings fabric unit.

These investments are establishing West Qantara as an emerging textile hub in Egypt. This trend is also expected to boost the local industry's production capacity, which has ambitious export goals. The Egyptian Ready-Made Garments Export Council (AECE) aims to quadruple clothing export revenues to $12 billion by 2031, up from $2.81 billion in 2024.

Stéphanas Assocle