The project will be executed in two phases over a total area of 100,000 square meters with an estimated investment cost of $40 million (equivalent to 2 billion Egyptian pounds). It is expected to create 700 direct job opportunities.
The contract was signed by Muhlis Şahlar, Chairman of HIPER
Plastic. The project marks the first recycling venture in Qantara West. It is
designed to be environmentally friendly with zero emissions and will use the
latest technology in recycling Polyethylene Terephthalate (PET) and plastic
packaging materials. Its operations will include sorting, crushing, washing,
and special production processes for PET, Dioctyl Terephthalate (DOTP), and
High-Density Polyethylene (HDPE) compounds.
On the sidelines of the signing ceremony, the SCZone
Chairman stated that the new project reflects the authority's commitment to
attracting integrated industrial clusters to the Qantara West area and
achieving environmental sustainability, aligning with the SCZone's strategic
vision. He noted that the SCZone has developed Qantara West, equipping it with
world-class infrastructure and facilities to become a regional and global hub
for the textile and ready-made garment industry. He also emphasized that the
integration between the SCZone's industrial areas and seaports is the
cornerstone of investments within the authority, ensuring full access to
various global markets.
Gamal El-Din added that the Qantara West Industrial Zone, which recently witnessed the inauguration of several factories and utility projects, has successfully attracted 41 projects to date—encompassing industrial, service, and logistical ventures. These projects represent a total investment cost of $1,093.5 million and are expected to provide 56,565 direct job opportunities, occupying a total area of 2,572,400 square meters. He stressed the importance of moving forward to attract more investments, particularly Turkish investments, to this promising area.