Turkish company Denim Rise is setting up shop in Egypt’s Qantara West Industrial Zone.
The Suez Canal Economic Zone (SCZONE) announced that the ready-made garment manufacturer will invest $8.8 million into a factory that will provide 1,000 jobs and export 70 percent of its production when it opens during the second half of 2025.
The contract was signed by Huseyin Güzel, a member of the company’s board of directors. In a statement, Güzel described the project as “a start for further expansions for the company in foreign markets.”
SCZONE has completed signing contracts for nine projects from the first phase in the Qantara West Industrial Zone, with total investments amounting to $317.8 million, on a total area of 777 thousand square meters, providing about 15,200 job opportunities.
“Qantara West Industrial Zone is one of the best industrial zones for labor-intensive projects due to its proximity to the Canal and Delta governorates, in addition to its strategic location, which is located between SCZONE’s ports on the Red Sea and the Mediterranean Sea, thus ensuring its investors easy access to various regional and international markets,” said Waleid Gamal El-Dien, SCZONE chairman.
Denim Rise’s contract coincides with similar denim-focused projects with Turkish investments within the Qantara West Industrial Zone.
Last year, the Suez Canal Economic Zone (SCZONE) signed a contract with Turkey’s Eroğlu Global Holding A.S. for a jeans garment factory in Egypt’s Qantara West Industrial zone. The factory will produce 7.2 million jeans annually.
Additionally, SCZONE signed a contract with Eroğlu Holding to establish a $40 million ready-made garment factory in the same zone. The plant is expected to create more than 3,000 jobs.
