Egypt Daily News – Walid Gamal El-Din, Chairman of the General Authority for the Suez Canal Economic Zone, signed a contract with Kelida, a Chinese manufacturer of fabrics and home textiles, which has more than 30 years of experience in this field, to establish a factory with a total investment cost of $30 million in the Qantara West Industrial Zone.
The Chinese Kilida factory aims to export 90% of its products
It is planned that the Chinese company’s factory will be established on an area of 92 thousand square meters, which will contribute to providing 1,000 direct opportunities, and that more than 90% of the total products of the project will be exported.
It aims to export to European and American markets, and that the factory will be opened during The last quarter of 2025. The contract was signed by Eng. Yao Yu, Chairman of the Company’s Board of Directors.
The head of the Suez Canal Economy said that by signing my contract today, the Suez Canal Economy has completed the signing of contracts for 8 projects from the first phase in the Qantara West Industrial Zone, with a total investment amounting to 309 million US dollars, on a total area of 751 thousand square meters, saving about 14,200 people. A job opportunity, which is a development achievement at various levels.
Walid Gamal El-Din explained that the Qantara West Industrial Area is an ideal starting point for investors, due to its strategic location and proximity to sea ports, which supports access to various regional and international markets.
He also emphasized the economic zone’s endeavor to develop the infrastructure of this area, which makes it easier for investors to do their work. Pointing out the Authority’s commitment to providing all necessary support and facilities to investors, including providing land, logistical services, and the necessary licenses, to provide a distinguished investment experience.
