The Suez Canal Economic Zone has signed a $16.5-million pact with Turkish firm ELA Tekstil to set up a RMG and denim factory in the Qantara West Industrial Zone.
The project, expected to create around 2,500 direct jobs, will produce nearly 7 million pieces of RMG and denim products annually, with four-fifths of output meant for exports.
This project brings the total number of projects in the Zone to 42.
The project, expected to create around 2,500 direct jobs, will produce nearly 7 million pieces of RMG and denim products annually, with four-fifths of output meant for exports.
This project brings the total number of projects in the Zone to 42.
