The fully self-financed project is expected to create 300 direct jobs and aims to produce over 20 million meters of fabric annually, with 100% dedicated to export. HIGHTEX Chairman Wenlong Lu signed the contract.
Gamal El-Din hailed the Qantara West Industrial Zone as a
success story, noting its swift attraction of international textile investors.
This aligns with SCZONE's strategy to bolster productive, export-oriented
sectors. He emphasized that the diverse projects in Qantara West—from spinning
to finished fabrics—create an integrated, high-value production chain,
enhancing Egypt's global market access and solidifying its regional leadership
in textiles.
This new project brings the total number of contracted
projects in Qantara West to 20, representing $596.5 million in investments and
over 27,600 direct job opportunities. Gamal El-Din highlighted the zone's
strategic location between Red Sea and Mediterranean ports, coupled with its
skilled workforce, as a significant competitive advantage for attracting
labor-intensive industries, boosting the national economy and foreign currency
inflows.
Established in 1990, HIGHTEX is a leading global supplier of decorative fabrics, engaged in design, manufacturing, furniture production, and hospitality services. It operates research and sales centers in the U.S. and furniture factories in Vietnam and China.