The company plans to export 80% of its production abroad. Its products include agricultural and industrial packaging materials, industrial and agricultural textiles, and the production of FIBC (large bags).
The contract was signed by Mr. Ogur Buyukardes, the company's owner, in the presence of a number of executive leaders from the SCZone.
The Chairman of the SCZone stated that the economic zone is currently doubling its efforts to attract more investments in sectors targeted for localization under the Authority's strategy. To deepen industry and support Egyptian exports, as well as to contribute to meeting the growing demand for various goods and products, the Authority's efforts to support global supply chains, leveraging the integration of its ports on the Mediterranean and Red Seas, as well as industrial and logistics zones. He highlighted the important role of Egypt's political and economic stability, which has contributed to the SCZone becoming a preferred destination for investors, given its strategic geographic location, the availability of trained labor, and the road, tunnel, and port networks that allow access to diverse markets, in addition to the investment incentives the Authority offers its investors.
Gamal El-Din also explained that the Qantara West area is a stronghold of the textile and ready-made garment industry, attracting increasing interest from major manufacturers in this sector around the world. He noted that the contract signed today brings the number of contracted projects within the Qantara West Industrial Zone to 23, with a total investment of $643.5 million, providing more than 33,600 direct job opportunities.