The project, located in the Qantara West Industrial Zone, will cover 80,000 square meters and is expected to create 1,500 direct jobs. The factory's annual production capacity will be approximately 5,000 tons of fabrics, 4 million bed cover sets, and 1 million car carpet sets.
According to a statement from SCZONE, the project aims to
export 90% of its output.
SCZONE Chairman Walid Gamal El-Din and Changzhou RAMADA
Chairman Fan Yun signed the contract at SCZONE's headquarters in Egypt's New
Administrative Capital.
Gamal El-Din noted that the latest agreement brings the
total number of projects in the Qantara West Industrial Zone to 32, with a
combined investment of more than $822.2 million.
He highlighted that these projects, which are expected to
create 45,600 direct jobs, are part of SCZONE's strategy to develop an
integrated industrial hub for textiles and ready-made garments.
Gamal El-Din also pointed to Egypt's stable political and
economic environment as a key factor in attracting foreign investors to the
region.
Changzhou RAMADA, a company founded in Jiangsu Province in 2016, specializes in an integrated industrial chain that includes everything from raw material processing to the production of home textiles and apparel fabrics.