Monday, 25 May 2026
Chinese textile company signs $130 million investment deal in Egypt’s Suez Canal Economic Zone
In a significant boost to Egypt’s industrial sector, the Suez Canal Economic Zone has signed a $130 million investment agreement with the Chinese firm EVERFAR Textile Egypt LLC for the establishment of a fully integrated textile and ready-made garments manufacturing complex at Al-Qantara West Industrial Zone.
The agreement was signed today by Mr. Walid Gamal El-Din, Chairman of the General Authority for the Suez Canal Economic Zone, and Mr. Lu Jiaoxing, Commissioner and legal representative of EVERFAR, in the presence of senior officials from the Authority.
The new project will cover an area of 145,000 square meters and is expected to create over 3,200 direct jobs. The entire production output will be dedicated to export, targeting global markets with an annual capacity expected to exceed 7.5 million tons of processed fabric, over 20 million meters of garment fabric, and 3.6 million pieces of ready-made clothing, along with substantial quantities of garment accessories. The facility will use the latest production lines and modern technologies in the textile industry.
Mr. Gamal El-Din highlighted that this venture represents one of the largest industrial projects in the textile sector in the Suez Canal Economic Zone, reinforcing Al-Qantara West’s status as a hub for leading Asian investments, thanks to its strategic location and integrated supply chains. “The project’s complete export orientation reflects the confidence global investors have in our economic zone, in line with our strategy to boost exports and enhance local added value,” he said.
This new partnership brings the total number of projects at Al-Qantara West to 35, with combined investments of $989.3 million, providing more than 51,000 direct jobs across a sprawling 2,325,400 square meters.
EVERFAR, the investment arm of a leading Chinese textile conglomerate, is known for its comprehensive approach spanning all stages of textile and garment production, state-of-the-art facilities, and a global customer base.
The Suez Canal Economic Zone continues its efforts to attract international investments and expand Egypt’s contribution to global value chains, supporting both local growth and the international supply of high-quality textile products.