The $20 million (EGP 1 billion) project spans 64,000 square meters and is expected to create around 2,000 direct jobs. Upon full operation, it aims to produce 6 million pieces annually, targeting global markets, particularly Europe and America.
The ceremony was attended by Wasson Wittanakoon, CEO of
Hi-Tech Thailand and Chairman of Hi-Tech North Africa, Niwat Apicharatpotra,
Commercial Attaché representing the Thai Embassy in Cairo, and various leaders
from the SCZone, Ismailia Governorate, the Thai Embassy, and Hi-Tech.
On the sidelines, Walid Gamal El-Din welcomed the SCZone's
role as a launchpad for Thai investments in Egypt, particularly in the promising
Qantara West area, a leading textile and garment hub. He emphasized that the
Hi-Tech North Africa project marks the culmination of three years of efforts to
attract significant global investments in key sectors. Highlighting the
unprecedented 130 factories currently under construction within the SCZone – a
result of successful infrastructure investments – he noted that this factory,
slated to open early next year, strengthens the Egyptian-Thai partnership and
adds to Qantara West's success. The area's skilled labor and agricultural base
support value chains in textiles, garments, and food industries, proving
advantageous amidst global supply chain challenges.
Hi-Tech Thailand, a global leader in sportswear manufacturing for brands like Nike and Jordan, operates 10 factories across four countries (7 in Thailand, and one each in Vietnam, Cambodia, and Laos), employing over 14,000 workers with an annual production exceeding 60 million pieces and revenues over $220 million. Hi-Tech North Africa represents the company's first investment in the Middle East and Africa.