Egypt’s Suez Canal Economic Zone has signed a US$6.5 million agreement with Turkish firm Atesan Tekstil to establish a woven fabrics manufacturing facility in the Qantara West industrial zone, the authority said on Thursday.
The project will cover an area of 20,000 square metres and is expected to create around 200 direct jobs, according to an official statement.
SCZone Chairman Waleid Gamal El-Dien said the agreement reflects growing investor interest in the zone, particularly in labour-intensive industries such as textiles and ready-made garments.
He added that Qantara West has developed into a key industrial hub, hosting projects across textiles, food processing and logistics services.
“New investments in these sectors contribute to reducing imports, boosting exports and meeting demand in both local and regional markets,” Gamal El-Dien said.
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The official said the authority is closely monitoring project implementation timelines to ensure efficiency, noting that companies failing to meet agreed schedules risk exclusion from the zone.
The Qantara West industrial zone currently hosts 52 projects spanning industrial, logistics and service sectors, with total investments estimated at $1.53 billion.
These projects occupy more than 3.5 million square metres and are expected to generate about 72,000 direct jobs once fully operational.
Analysts say Egypt is increasingly targeting textile manufacturing as part of efforts to expand exports and create employment, leveraging competitive labour costs and proximity to European and regional markets.
The deal also underscores strengthening economic ties between Egypt and Turkey, particularly in manufacturing and industrial investment.
Authorities say continued expansion in zones such as Qantara West is central to Egypt’s strategy of attracting foreign direct investment and positioning itself as a regional manufacturing and export base.
