Egypt welcomes Turkish clothing manufacturer Nil Orme in Kantara West: a new step towards strengthening the local economy

In a move to boost investments in the textile sector, Walid Jamaluddin, Chairman of the General Authority for the Suez Canal Economic Zone, signed a contract to establish the Turkish factory "Neil Orme" for the manufacture of Clothing and Textilesthe Headquarters of the Authority in the Administrative Capital.

The investment project costs about 35 million dollars, equivalent to about 1.75 billion Egyptian pounds, and will extend over an area of 33,000 square meters. The plant is expected to create about 2,000 direct jobs, with a focus on exporting 90% of production to foreign markets.

During the signing ceremony, Jamaluddin explained that Qantara West Industrial Area is an integrated center for the textile and garment industry, currently comprising 34 ongoing projects at a total cost of $859.3 million. These projects cover an area of 2.18 million square meters and provide more than 48,000 direct jobs.

Jamaluddin added that these projects aim to direct the bulk of their production to foreign markets, taking advantage of the Authority’s distinctive geographical location and the free trade agreements on offer. Integration between industrial zones and ports also enhances the export capacity of local industries, and localizes supply chains in the textile sector from raw materials to fabric and finished garments for globally renowned brands.

He pointed out that the presence of trained technical workers and diverse energy sources at competitive prices are attractive factors for investors, in addition to the advanced infrastructure enjoyed by the West Qantara region. He stressed that the Authority is making continuous efforts to attract more investments in priority sectors to support national plans to deepen the industry and increase exports.

Jamaluddin also pointed to the imminent opening of several new projects in the region, in addition to the opening of the first promotional tour of the Authority in Turkey by the end of September, with the aim of attracting more investments to the targeted sectors.