The Suez Canal Economic Zone (SCZONE) has signed four investment agreements worth over $65 million with leading Chinese textile manufacturers, paving the way for new factories in Sokhna 360 Industrial City, a development led by Elsewedy Industrial Development. The projects will span 238,000 square metres and are expected to create more than 3,000 jobs.
The signing ceremony, witnessed by Walid Gamal El-Din, Chairperson of the SCZONE, and Mohamed El-Qamash, CEO of Elsewedy Industrial Development, underscores growing foreign investor confidence in Egypt’s manufacturing and export infrastructure. The deals build on the collaboration between Egypt’s Commercial Representation Authority and Elsewedy to attract global textile players to the country.
Gamal El-Din said the investments reaffirm SCZONE’s emergence as a regional manufacturing hub, citing its strategic location, world-class ports, and competitive incentives. He noted that textiles remain one of Egypt’s most promising industries, with the zone working to develop a fully integrated textile ecosystem—from spinning and dyeing to garment production—to boost export competitiveness.
El-Qamash highlighted Elsewedy’s commitment to sustainable, smart infrastructure, positioning its industrial cities as reliable platforms for foreign investors.
With six ports and four industrial zones, SCZONE is fast becoming Egypt’s industrial gateway, linking Asian manufacturing capacity with African and European markets.
