On December 8th, Waleid Gamal El-Dein, Chairman of the Suez Canal Economic Zone (SCZone), officially laid the foundation for Henneway’s $50 million luggage manufacturing facility in the Qantara West Industrial Zone. This ambitious project, set to span 120,000 square meters, represents a strategic leap forward for Egypt’s manufacturing sector.
The facility will create 3,000 jobs, further strengthens the burgeoning relationship between Egypt and China. This partnership is emblematic of the increasing flow of Chinese investments into the region, which have now surpassed $3 billion within the SCZone. As global supply chains continue to shift and the need for efficient, large-scale manufacturing increases, Egypt’s role as a strategic industrial hub is becoming more apparent.
The Henneway facility will not only contribute to local employment but also enhance Egypt’s competitiveness in the global market, positioning the SCZone as a key player in the region’s economic future. This is the latest in a series of Chinese-projects aimed at leveraging Egypt’s strategic location, access to global shipping routes, and favorable investment climate. The growing footprint of Chinese companies within the SCZone is a testament to the success of Egypt’s investment-friendly reforms and its ambitious vision for industrialization.
