The Suez Canal Economic Zone (SCZONE) has secured $38 million in investments for two major projects focused on food processing and textile manufacturing in the Qantara West Industrial Zone. The deals, finalized on Sunday at the SCZONE headquarters in the New Administrative Capital, will create approximately 1,450 jobs.
The first project partners with Saray Bisküvi ve Gıda San. A.Ş. (Saray Food Industry), a Turkish company entering the Qantara West Industrial Zone for the first time. Saray will invest $8 million in a 45,000-square-meter facility, which will create 450 jobs. The company plans to export 90% of its production.
The second deal involves Kelida, a Chinese textile and home fabric manufacturer with over 30 years of experience. Kelida will invest $30 million to establish a 92,000-square-meter factory, generating 1,000 jobs. Like Saray, the company plans to export more than 90% of its output, focusing on European and American markets.
Waleid Gamal El-Din, Chairperson of SCZONE, emphasized that these two agreements mark a key milestone in the first phase of the Qantara West Industrial Zone. The first phase now includes eight projects worth $309 million, covering 751,000 square meters and expected to generate around 14,200 jobs. These initiatives are set to strengthen Egypt’s industrial base and attract further investments. Both Saray and Kelida projects are expected to open in the final quarter of 2025.
