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The fully self-financed project is expected to create about 700 direct jobs.<\/p>\n
The factory will have an annual capacity of up to a million pieces. Around 95 per cent of its output will be exported, while the remaining will be supplied to the domestic market, according to the SCZone authority.<\/p>\n
Egypt’s Suez Canal Economic Zone recently signed a $5.6-million agreement with Turkish garment manufacturer Eroglu Moda Tekstil to set up a readymade garments unit in the Qantara West Industrial Zone.
\nThe factory will have an annual capacity of up to a million pieces.
\nAround 95 per cent of its output will be exported, while the rest will be supplied to the domestic market, the SCZone authority said.<\/p>\n
SCZone chairman Waleid Gamal Eldien said the number of contracted projects in Qantara West has reached 50, covering a total area of about 3.46 million square metres, with cumulative investments estimated at $1.35 billion and more than 70,000 direct jobs, according to domestic media reports.<\/p>\n
The statistics include projects developed with the Main Development Company (MDC), SCZone’s development arm, which builds ready-to-operate factories and industrial facilities for investors.<\/p>\n
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Fibre2Fashion News Desk (DS)<\/p>\n
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