Egypt’s Suez Canal Economic Zone (SCZONE) continues to expand its footprint as a regional industrial hub, following the signing of a $4 million investment agreement with Greek apparel manufacturer Mariniro, owned by TZANIDAKIS MIAXAH MARINOS Co. The deal marks the first Greek industrial investment in the zone.
The agreement was signed Wednesday by Waleid Gamal El-Dien, Chairman of the SCZONE, and Marinos Tzanidakis, President of the Greek company, at the SCZONE headquarters in Egypt’s New Administrative Capital.
Project Highlights
The new Mariniro garment manufacturing project will be located in the Al-Qantara West Industrial Zone, one of Egypt’s fastest-growing hubs for textile and apparel industries. Spanning an area of 7,000 square meters, the facility will be developed with a total investment of $4 million, equivalent to approximately EGP 200 million.
The project is expected to have a significant economic impact, creating 1,000 direct job opportunities for local workers. Additionally, it is designed with a strong export focus, aiming to ship 70% of its production to international markets, aligning with Egypt’s broader strategy to boost industrial exports and attract foreign direct investment.
Landmark Greek Investment in Egypt
“This is a milestone moment—not only for the Suez Canal Economic Zone but for Egyptian-Greek economic relations,” said Gamal El-Dien during the signing ceremony. “We see this project as the cornerstone of a broader partnership with Greece, rooted in our shared geography and strategic location on the Mediterranean.”
He added that Al-Qantara West has become a regional and global center for the textile and apparel industry, reflecting a successful model for investment diversification. The zone continues to attract companies from a wide range of countries and sectors, including food industries and logistics.
SCZONE: Expanding Industrial Landscape
With the addition of the Mariniro project, the total number of operational projects in the Al-Qantara West Industrial Zone has risen to 36. These projects span a range of key sectors, including textiles and garments, food industries, and logistics services. This diversification reflects the zone’s growing appeal as a multi-industry investment destination and underscores its role as a strategic pillar in Egypt’s industrial development agenda.
These projects collectively occupy 2.33 million square meters and represent $993.3 million in total investments, generating over 52,200 direct job opportunities.
