Tuesday 25/Feb/2025 – 02:11 PM
Walid Jamal Al -Din, Chairman of the General Authority of the Suez Canal Economic Zone, signed today, at the authority’s headquarters in the administrative capital, contracting the first phase of the “Aroglu Knitting” project, with a total investment of 120 million dollars, to establish an integrated factory “From Yarn to Garment” , It includes all the stages of the production of ready -made clothes from the yarn to the final product, on an area of 100 A thousand square meters, in the promising west of the industrial area of Al -Qantara, providing 5,000 jobs, with the aim of producing 30 million pieces annually, and the contract was signed by Sharaf Al -Din Kush, the delegate to sign the company “Eroglu Knitting”.
The economy of the Suez Canal expects to hold the first phase of the Aroglu Neting project in Qantara, west of the industrial industry
In this context, Walid Jamal Al -Din thanked all the success partners of investors and companies in achieving the dream of developing the Qantara area of West Industrial, whose first stage reached 12 projects on an area of 1.112 million square meters at an investment cost of about 511 million dollars, and with more than 21.5 thousand opportunities He worked, in just 20 months, as a result of the relevant promotional efforts made by the authority, as it became a stronghold for the manufacture of clothing, textiles and food industries. Stressing that the strategic location of the region, and its proximity to the seaports in Port Said and Sokhna, makes it an ideal starting point for reaching regional and global markets.
Walid Jamal Al -Din also pointed to the economic efforts of the Suez Canal in developing the infrastructure and providing the necessary facilities, such as providing lands, logistical services and licenses, to ensure a flexible and effective investment experience, which enhances the competitiveness of the economic region regionally and globally as a pioneering industrial and logistical center, with the provision of an environment conducive to investment from During a package of direct and indirect financial incentives, He emphasized his happiness at the second project of the company within the Qantara area, west of industrial, which confirms mutual trust and heralds a promising future of cooperation between the company and the authority in various projects in the field of manufacturing ready -made clothes.
For his part, Sharaf Al -Din Kush thanked the economic zone of the Suez Canal, and stressed the group’s aspiration to increase its investments and cooperation with the authority in the next stage, where he stressed the group’s interest in increasing its investments in Egypt in light of the support provided to investors, and praised the support of the economic zone of the Suez Canal to facilitate all obstacles During the construction period effectively to accelerate the pace of work and start operation on the specified date.
It is worth noting that this is the second project of the Turkish Eruglu Global Holding Group “Noureddine Eruglu”, inside the Qantara area, west of industrial, where it is being established by a factory at an investment cost that exceeds 40 million dollars over a total area Work, and it is planned to start its experimental operation during April 2025, and a second stage of the project is being studied His signature today to become the total estimated investment cost of the project in its two phases of $ 180 million.
