Chinese Investor Commits $22.6 Million to Textile Manufacturing in Egypt’s Qantara West Industrial Zone

Chinese Investor Commits $22.6 Million to Textile Manufacturing in Egypt’s Qantara West Industrial Zone

Egypt’s Suez Canal Economic Zone (SCZone) inked a USD 22.6 million deal with China’s Changzhou Ramada Blanket Industry to build a large home textile and garment manufacturing facility in the Qantara West Industrial Zone, according to a statement released on Monday, 11 August. Covering 80,000 square meters, the new factory is expected to create 1,500 jobs and produce an estimated 5,000 tons of fabric annually, along with four million bed cover se…

China’s Changzhou Ramada invests $22.6m in textile manufacturing at Qantara West - Dailynewsegypt

Walid Gamal El-Din, Chairperson of the Suez Canal Economic Zone (SCZONE), signed a partnership agreement this morning with Fan Yun, Chairperson of China’s Changzhou Ramada, to establish a textile manufacturing facility at the Qantara West Industrial Zone. The $22.6m (EGP 1.130bn) investment will focus on the production of home textiles and apparel, creating 1,500 direct