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Northern Africa

Egypt Signs Major Textile Agreement with Chinese Companies for Investments

July 24, 2025

(3 Minutes Read)

The agreements were signed in Nanjing, Jiangsu Province, during the Authority’s investment promotion tour across several Chinese provinces aimed at deepening industrial cooperation and attracting further Chinese investment in priority sectors within the SCZONE.

The Suez Canal Economic Zone (SCZONE), chaired by Walid Gamal El-Din, signed three new contracts with leading Chinese textile and ready-made garment companies, totalling approximately USD 52.6m (EGP 2.58bn) in investments. Together, these projects are expected to create around 3,500 direct job opportunities.

One of the contracts was signed with Changzhou East Noah Printing and Dyeing Co. Ltd, a top Chinese firm and certified supplier to major global brands. The company will establish an integrated textile factory on an 80,000 sqm plot in the Qantara West Industrial Zone, dedicated to spinning, weaving, and fabric production. The USD 20m project, fully self-financed by the company, is set to generate around 1,000 direct jobs.

A second agreement was signed with Changzhou Golden Spring Textile Co., Ltd, a major integrated player in the textile sector that exports to over 40 countries and has a brand presence in more than 20 international markets.

The third contract was signed with Jiangsu Sainty Corporation Ltd., part of SOHO Holdings Group, to establish a ready-made garments factory on a 40,000 sqm plot in Qantara West. The USD 8.6m project, also self-financed, will create approximately 1,500 direct jobs and will dedicate 100% of its production to export markets.