Arab Finance: The Turkish Sherikjioglu Company plans for textiles to create a factory to produce spinning, threads and denim fabric Statement Issued by the General Authority of the Economic Zone of the Suez Canal.
Where the factory will provide 500 direct job opportunities and produce 18 million pieces of fabrics annually, it will be divided equally between export and meet the needs of the factories operating in Egypt.
In the same context, Walid Jamal Al -Din, the head of the economy of the Suez Canal, explained that this project is No. 25 within the contracted projects in the Qantara region, West Industrial, to reach the total investments in it to 681.5 million dollars, providing 34,955 direct job opportunities.
This confirms the success of the strategic approach that the authority follows in strengthening export industries, and deepening the local manufacturing system, as well as resettlement of supply chains in the weaving and weaving sector, based on the manufacture of raw materials, and through the stages of the production of Dinem fabrics, which is the raw material to produce jeans, to the ready -made clothes industry.
It is worth noting that the president of the commission had signed last month on a contract Hightx Co., Ltd. Hangzhou project The Chinese, specialized in the manufacture of decorative fabrics and furnishings, in order to establish its project inside the Qantara area of ​​West Industrial, on an area of ​​65 thousand square meters, next to a number of projects existing in the same activity, and the investment cost of the project is $ 17 million, equivalent to 851.7 million Egyptian pounds, with fully self -financing, and provides about 300 direct job opportunities, and aims to produce more than 20 million meters of fabrics annually,
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