Egypt’s SCZone signs $20m contract with China’s Zhejiang Hongda for textile project

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The Suez Canal Economic Zone authority signed a $20 million contract with Chinese firm Zhejiang Hongda to develop a textile manufacturing and processing project in the Qantara West Industrial Zone, Egypt. The project is expected to create approximately 500 jobs and spans 60,000 square meters.

The General Authority for the Suez Canal Economic Zone (SCZone) signed a contract on Monday with Chinese company Zhejiang Hongda to establish a $20m textile manufacturing and processing project in the Qantara West Industrial Zone. The development, which spans 60,000 square metres, carries an investment cost of $20m and is projected to create approximately 500 […] The post Egypt’s SCZone signs $20m contract with China’s Zhejiang Hongda for textile project first appeared on Dailynewsegypt.