Egypt’s PM opens $100m textile factory in SCZone

Egypt’s Prime Minister Mostafa Madbouly attended the inauguration of the Egypt Cady Textile factory in the Integrated Sokhna Industrial Zone within the General Authority for the Suez Canal Economic Zone (SCZone). The project with investments of around 100 million dollars, is set to create 4,500 direct and indirect job opportunities.

The factory is part of the TEDA Egypt-developed area within the economic zone. The project’s initial phase covers 1.34 square kilometres, fully developed with total investments of 152 million dollars.

An additional six-square-kilometre expansion zone is currently under development with investments of approximately 230 million dollars, while TEDA is in talks with the government to secure a further 2.8 square kilometres for future factories.

The factory’s first phase is fully operational, with an annual production capacity of 10,000 tons of fabric and targeted annual sales of 35 million dollars. The second phase is set to begin in March 2025, with completion expected by October and full-scale production commencing in December.

Equipped with advanced production machinery, the facility integrates the latest technologies and environmental standards. It has also established research laboratories to enhance innovation in the textile industry and ensure high-quality, competitive production.

Attribution: Amwal Al Ghad English

Subediting: M. S. Salama