Cairo: Chairman of the General Authority for the Suez Canal Economic Zone (SCZone) Walid Gamal Eldin signed a contract with Haiyan Ximei Printing Co., Ltd. for establishing a packaging materials and product labeling manufacturing plant, along with raw material printing services.

According to State Information Service Egypt, the plant will serve all ready-made garment and textile factories in the West Qantara Industrial Zone. The new factory will stretch over an area of 30,000 square meters, with investments amounting to $10 million. It is expected to create approximately 160 direct jobs and aims to export 70% of its output while supplying the needs of textile and garment factories currently being developed in El-Qantara.

The project marks a significant addition to the integrated industrial clusters for textiles and ready-made garments in the West Qantara zone. The contract was signed by Haiyan Ximei's chairman, in the presence of senior executives from both parties.

Following the signing, Gamal Eldin said that the Suez Canal Economic Zone is stepping up efforts to localize and deepen industrialization by attracting complementary industries, including accessories, packaging, printing, dyeing, and finishing. These efforts aim to establish fully integrated industrial clusters in the textile and ready-made garment sector in West Qantara, reducing production costs through the use of locally sourced raw materials, intermediate goods, and logistical services as alternatives to imports.

He noted that these initiatives are in line with the national economic development strategy launched by the government, which offers a comprehensive framework to advance economic reforms and accelerate structural transformation toward tradable and export-oriented sectors. The authority is also working to boost partnerships with the private sector to further attract investment in key target industries.

Gamal Eldin further highlighted the rising demand for investment in the West Qantara Industrial Zone, attributing it to the authority's effective policies and incentives. These factors include the integration of maritime ports with industrial zones, providing seamless access to global markets, in addition to the availability of skilled technical labor and a diversified, competitively priced energy mix.