The deal, signed at the SCZone's headquarters in the New Administrative Capital, covers a project on an area of 21,000 square meters with total investments of $4.49 million, equivalent to around 212 million Egyptian pounds. Kim Joon Woo, Chairman of the company, signed the contract on behalf of Samil Solution.
Gamal El-Din welcomed Samil Solution's addition to the
zone's industrial investments, highlighting that the new venture is a
qualitative addition to the existing textile industries in the promising
Qantara West Industrial Area, which includes several similar export-oriented
projects.
He stressed that attracting new Korean investments reflects
the diversity of international partners and investors' confidence in the
resources and advantages offered by the SCZone.
The SCZone chief explained that the operating projects in
the Qantara West Industrial Area represent investments from eight different
countries, underscoring the zone's status as an attractive and diverse
destination for global investments across multiple sectors.
Gamal El-Din added that the total number of actual projects
in the Qantara West Industrial Area has now risen to 46 projects, covering a
total area of 2,858,400 square meters. These projects involve estimated total
investments of $1.185 billion and provide 63,165 direct job opportunities.
He affirmed the SCZone's commitment to continuing its
efforts to attract more foreign investment in complementary and export-oriented
industries to enhance the competitiveness of the Egyptian economy and support
sustainable development plans.
Samil Solution is a leading global company in ready-made garment manufacturing, headquartered in Seoul, South Korea. It has a production and marketing network extending across Vietnam, Cambodia, Hong Kong, the United States, France, and Brazil, and works with major international brands.