JASAN Group, one of the world's largest companies specializing in seamless apparel, sportswear, and hosiery, will establish an integrated industrial complex in the Qantara West Industrial Zone on a 300,000 square meter plot.
The industrial project is backed by a $100 million (EGP 4.7
billion) investment, fully self-financed, and will be implemented in three
consecutive phases. The complex will cover a wide range of activities including
spinning and weaving, manufacturing ready-made garments, sportswear, seamless
apparel, hosiery, accessories, rubberized fabric production, and dyeing. The
venture targets exporting 90% of its total production to global markets,
allocating the remaining 10% for the local market. Upon full operation, the
project is expected to provide approximately 6,000 direct job opportunities.
Maoyi Zhang, Chairman and Owner of JASAN Group, signed the
agreement on behalf of the company.
Gamal El-Din welcomed JASAN Group to the roster of global
investors in Qantara West, emphasizing that the new project represents a
significant industrial addition to the textiles and spinning sector. He
highlighted the company's integrated production chain, which provides a high
competitive edge in terms of quality and output.
He noted that selecting the Qantara West Industrial Zone
reflects its readiness, robust infrastructure, cost competitiveness, and
proximity to seaports on both the Mediterranean and Red Seas, which facilitates
access to various global markets.
Gamal El-Din indicated that the total number of actual
projects in the Qantara West Industrial Zone has risen to 48, spanning an area
of 3,258,400 square meters, with total investments estimated at $1.325 billion.
These projects collectively provide 69,665 direct jobs.
He affirmed SCZONE's continuous efforts to attract more
foreign investment in the garments and textiles sector, supporting Egypt's
plans to increase industrial exports and achieve sustainable economic growth.
JASAN Group is renowned globally for its seamless apparel manufacturing. The company operates an integrated production system covering spinning, dyeing, knitting, embroidery, printing, and packaging, alongside a specialized R&D centre. It holds prestigious international certifications and supplies its products to major global brands in the US, Europe, and Asia.